Study of Economics: Capitalism and Socialism

By Hugo Passemard

What Hugo Passemard would like to discuss in this monograph is an issue that has to do with human freedom, whether capitalism is humane and what we mean by "humane". In the past the argument would strictly concern the form of economic organisation: which one is better, free market or government controlled production and means of distribution? To boot, we would only focus on the alleged greater relevancy of centralized government and control. No one is making that argument nowadays. One would be hard pressed to find someone who will posit that socialism is an efficient and relevant form of economic organization. Socialism namely: nationalization of all industries (means of production and of distribution). We have many examples from looking at our neighbors in the United Kingdom, or outside of the European Union, in Russia. Any state that has adopted socialism or any sort of nationalized industry such as the post office have put an end to this sort of talk. However what remains relevant is the firm opposition to capitalism as a form of economic organization and the equally strong support shown to socialism. A good example of that is Germany. Germany who went through all the horrors of Nazism I the 1930s, Germany, which under the "Soziale Marktwirtschaft" namely the "social market economy", experienced quite the miracle with a substantial rise in total income and in the well being of the ordinary German citizens. A fair amount of intellectuals in Germany were strongly anti-capitalist despite having experienced the dreadful Nazi totalitarian state and a more or less free market. They truly embraced the idea of collectivism regardless of the form it would take. A very small and insignificant amount had gone into the more extreme versions that all the newspapers were talking about. Why is it that they remain so anti-capitalist despite all of that?

• Format: Paperback
• Language: English
• ISBN: 1715356020
• ISBN13: 9781715356026
• Release Date: October 2020
• Publisher: Blurb
• Length: 112 Pages
• Weight: 0.35 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"