This is a companion post to Is Capitalism Evil? Are Capitalists Evil? Capitalism is not doing very well by us in recent decades, so many people are looking to alternatives. Socialism and Communism are alternatives – how do they compare?
This is a companion article to Is Socialism Evil? Are Socialists Evil? Most economists argue two things: A) Capitalism is not evil, it is amoral, and B) capitalism has produced all the wealth we enjoy. Both are false.