POLB80H3 : study guide
13 Dec 2010
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In western democracies there has always been a stigma about socialism. Far too often it is associated with communism and the ideals behind it often disregarded before they are even considered. In contrast, capitalism has always been the blessed child of democracy and liberalism and due to its promise of individual success it has always been accepted with wide open embraces. Both capitalism and socialism are not just economic systems but they reflect ideologies of the people they represent. Throughout history we have been plagued by various economic and natural disasters and each of these two systems has been affected. Both systems have dealt with different crises in their own way, and it would make in interesting comparison how each situation was dealt with. This of course refers to the fall of the stock market in 1929 and the ukrainian famine.
