One should note that from the start, capitalism, as the existing political system, had a bad reputation, and socialism and communism as ideas of a better future were perceived as noble. Later on, capitalism found its ideological defenders. read more
Socialism and communism are both impossible unless the planners have access to market prices. Where socialism and communism work at all, it is only because capitalistic marketplaces exist to enable economic calculation. Capitalism is best. read more
Classical liberalism, social liberalism, libertarianism, neo-liberalism, modern social-democracy, and anarcho-capitalism. Democratic socialism, communism, libertarian socialism, social anarchism, and syndicalism. Way of Change: Fast change within the system. In theory, consumer demand is what drives production choices. read more
"The Communist Manifesto," published in 1848 by Karl Marx and Friedrich Engels, is considered the pivotal moment in people starting to use the terms "capitalism," "socialism" and "communism" as descriptions of diverse political concepts. read more