The Debate on Socialism Vs. Capitalism

Socialism and capitalism refer to two forms of economic systems out of the many that exist. An economic system refers to allocation, production and distribution of resources by the government of a country. The difference between these two economic systems is that of the level of government intervention with socialism being placed at maximum andContinue reading “The Debate on Socialism Vs. Capitalism”

Dialectical Materialism as proposed by Karl Marx and a History of Capitalism

Karl Marx was a German philosopher, economist, historian, sociologist, political theorist, journalist and socialist revolutionary. Marxism, or Scientific Socialism, is the name given to the body of ideas first worked out by Karl Marx (1818-1883) and Friedrich Engels (1820-1895).[1] In their totality, these ideas provide a fully worked-out theoretical basis for the struggle of theContinue reading “Dialectical Materialism as proposed by Karl Marx and a History of Capitalism”