Capitalism Vs. Communism: a Comparison
Many people growing up in the 1980s remember the Cold War between Russia and the United States, two ideologies pitted against each other, a time of tension between the two countries. Baby boomers might remember the Red Scare and McCarthyism. The two economic systems seem to be diametrically opposed. In comparing the architects of the two systems, it is easy to see why there was so much friction between countries that adhered to these economic systems. Adam Smith, the father […]