Capitalism and socialism are often considered to be two concurring ideologies having nothing in common. While the core features of capitalism are freedom of choice and private ownership, socialists protect some kind of economic democracy. They claim that means of production belong to all people involved in production. Although communism...

Travel patterns have a significant influence on land use and development, particularly with regards to economic activity spatial distribution and availability of land for development. In addition, these impacts of travel patterns also have an impact on the affordability of housing, prices of land, productivity, cost of business, and economic...

MB Great post this week on the differences between classical liberalism, which could be considered modern conservatism, and socialism, or modern-day liberalism. How do you think that classical liberalism came to evolve into what we associate it with today? In a broad sense, there are many similarities between the two....

The communist manifesto encapsulates the theoretical perspectives of Marxism and the industrial ideals of Engels with the aim of explicating the essence of communism. Divided into four sections, the communist manifesto reflects upon economic, political, and social factors that affected European states during the industrial revolution. Although the period initiated...

In his article “Greece’s Exit from the Euro Would be a Socialist Disaster,” Louis Woodhill makes a strong case against the socialist direction of Greece’s recently-elected Prime Minister, Alexis Tsipras (2015). This article is written as both an analysis and an opinion, with Woodhill offering a clear indictment of both...