Which system is better for India, socialism or capitalism?

In India we all live in a balanced economy where there exist both socialism and capitalism. read more

The Myth of Socialism in India : Socialism is pro-poor and helps to maintain income equality. Equality is a figment of imagination. Developing economies generally have high income inequality, and this usually evens out as the economy matures. read more

One of the central arguments in economics, especially in the socialism vs. capitalism debate, is the role of the government. A capitalist system is based on private ownership of the means of production and the creation of goods or services for profit. read more

Voice your opinion. Argue whether you think that socialism is a better economic system than capitalism. See what other people are saying. read more