In capitalism, businesses are owned by individuals and run for profit
In socialism, businesses are owned by the state (or the workforce), with profits redistributed
Why a car dealership? Because I like cars. No, really, that was it.
Before you skip ahead to the next post, just hold your horses there, Johnny. My number one goal with this article is to keep you interested. If I can prevent boredom, I have won. Maybe you dozed off when they taught this in school, or you’ve forgotten it, or you could use a refresher? Come on in, the water’s warm. Capitalism and socialism might be dull, but they’re
secretly fun dry like a fine wine. Okay, they’re nothing like that. But they are relevant. Not just to my novel, The Initiation, but to today’s world. The raging debates about healthcare and tax cuts boil down to the differences between capitalism and socialism. The fight for healthcare is an emotional one, but at its core is a clash of opposing economic beliefs.