The Economy — On Socialism and Capitalism

It’s the hybrid that works — neither works on its own.

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In May, 1945, my late father gave a lecturre to the Royal Air Force in Bloemfontein, South Africa, explaining that a 100 years hence, there would be a battle between capitalism and socialism.

When I was educated, in the late 50s and through most of the 60s, socialism was not a dirty word. Most first world countries had, what was called, a mixed economy. A mixed economy combined capitalism and socialism, and the world flourished.

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Tessa Schlesinger Global Atheist Am Yisrael Chai.
Tessa’s Web-log

Complexity is never easy to explain, and far too many stick to black and white, and forget about the colors and the greys.