Capitalism and Socialism in Plato’s Republic

Author: Gilad Sommer

June 24, 2023

Capitalism and Socialism are commonly portrayed as two contrasting approaches to the distribution of resources within a society. In very simple terms, Capitalism advocates for the freedom of economic activity and individual ownership of property, while Socialism promotes regulated economic activity, and communal ownership of property. Based on these basic definitions, one can understand why [...]

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