X.3: Problems with Capitalism

Socialism and communism have always led to economic failure, but there are problems with capitalism as well. For example, competition makes capitalism work. But at the same time every capitalist seeks to eliminate his competition. In other words, if a company grows without bounds, it will eventually destroy its competitors. And there are other problems … Read more

X.1: Capitalism, Socialism, and Communism

What are the Merriam-Webster definitions of capitalism, socialism, and communism? Capitalism: an economic system characterized by private or corporate ownership of capital goods … [and] by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Socialism: a system or condition of society in which the means of … Read more

I.3: American Society’s Most Fundamental Needs

Humanity’s biggest problem is human nature. But humans cannot change human nature. So, to meet American society’s most fundamental needs, we need a government that restrains our nature. And compared to history, our government does a marvelous job of that. But by any absolute standard, our government fails to stop corruption. That tells us that … Read more