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Economic Update: [S9 E17] Capitalism vs. Socialism
This week on Economic Update, Professor Wolff does something a little different. He dives deep into the 200+ year old debate and struggle between capitalism and socialism and looks into how it has become both confused and confusing. The different definitions of these systems make honest, balanced discussions and evaluations of them increasingly more difficult. Now that socialism is rising yet again to challenge capitalism, the debate demands a closer examination of the terms and their numerous, new and different meanings.
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