Capitalism and Socialism and why they suck?
I am not going to explain capitalism and socialism in this article if you want to learn about it click here . Instead I am going to do a case study and try to explain which one is better. I am going to be totally unbiased in approaching both the forms of economy, and try to keep it as easy as I can. I am not a Capitalist or a Socialist, and I renounce both of them. But let give an inspection why? Capitalism Many 15 and 16 year olds will tell you how capitalism is bad. But is it really that bad? Let's see what Capitalism has given us and what has it taken away from us. First let me give you a little history on capitalism. History of Capitalism. Even though Capitalism existed since the renaissance period the word "Capitalism" was brought in spot light by a Scottish Economist, Adam Smith, who is also referred to as "Father of Capitalism" even though he did not create or invent it. And the industrial revolution promoted it. If you want to read up about him click