Economic Update: The “Great Debate” That Wasn’t…


Date: July 26, 2020

01) Economic Update: The “Great Debate” That Wasn’t


“Throughout capitalism’s history, the big topic in economics was how far government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government intervention mostly aimed at saving, protecting, supporting capitalism. The genuinely “great debate” could and should have been about the strengths and weaknesses of capitalism versus those of a real alternative system, socialism.”

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