Tag: definitions

Capitalism, Socialism, and health care reform

This diary will attempt to bring the Cold War ideological conflict between “capitalism” and “socialism” into focus.  Here I conclude that capitalism is about profit, and socialism is a vague word which could mean a number of things.  As we define capitalism and socialism, we can see that the flaws and virtues of each can be understood for the sake of struggling to create our own system of political economy, one which actually serves us.  Finally, I will comment upon the relevance of this discussion to the matter of “health care reform” currently being contested in Congress.

(crossposted at Big Orange)