A
Annie
Guest
@JonNC @Balto1
So, the difference between socialism and capitalism or free market is this:
In socialism, the economy and the government are one and thus the government decides who will have access to what.
In capitalism, the economy is separate from the government, and the government decides only limitations on what and how people can act and own.
In socialism, the man who makes windows with glass an inch thick (mentioned above) would not be allowed to create a business out of this skill, if indeed he were permitted to develop it at all; in capitalism he is free to develop and sell the fruit of his skill.
So, the difference between socialism and capitalism or free market is this:
In socialism, the economy and the government are one and thus the government decides who will have access to what.
In capitalism, the economy is separate from the government, and the government decides only limitations on what and how people can act and own.
In socialism, the man who makes windows with glass an inch thick (mentioned above) would not be allowed to create a business out of this skill, if indeed he were permitted to develop it at all; in capitalism he is free to develop and sell the fruit of his skill.