Friday, October 16, 2009

Mommy, What's a Commie?

Most of us hear the words every day, but few of us really understand their meaning. "Capitalism," "communism" and "socialism" are, after all, economics terms. Most Americans understand economics about as well as they understand string theory. Even so, every one of us is as directely affected by economics as we are by the weather. Justin Williams wrote an informative post at NetRight Nation recently, called "Capitalism, Socialism, and Communism." Those terms are frequently used on this blog and on thousands of others. Williams's post is a good read and makes a nice primer for those wishing to know more about the meaning of those words and the three major systems to which they refer. Here's an excerpt: While the debates rage on with health care, cap-and-trade, and the overall role of government in the average American’s life, economic societal terms like “capitalism,” “socialism,” and “communism” often get careless bandied. Many on the right feel like America is on the move towards “socialism” and many on the left believe that “capitalism” is the root of all social ills. The only way to set the record straight is to understand the precise definitions of these terms and how are they being used in today’s rhetoric. Read more (corrected link)... Conservative Caps, Shirt and more! Leave a Comment - Chicago News Bench RSS Feed Visit us on Twitter!