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In: Economics

Markets, (Capitalism) historically have rewarded the individual according to their output. Socialism rewards people according to...

Markets, (Capitalism) historically have rewarded the individual according to their output. Socialism rewards people according to their needs. With the current economic system, we are seeing bail outs of the financial as well as the Banking industry. Is this Socialism, Capitalism, or a new type of economic system for the individual and the Corporation?

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Rahul Sunny answered 2 years ago
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