capitalism is inherently unstable, resulting in recessions and depressions. Are communism and socialism more stable? How and Why?

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04-03-2022
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capitalism is inherently unstable, resulting in recessions and depressions. Are communism and socialism more stable? How and Why?

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canehnguyen80 canehnguyen80 · Answer 1 · 2022-03-04T22:17:51-05:00

canehnguyen80 canehnguyen80

04-03-2022

Answer:

The more fundamental reason I believe capitalism is speculative and inherently unstable is that the money on which it is based is speculative as well. Contrary to what socialists claim, capitalism, with all of its flaws, is the preferred economic system for lifting the masses out of poverty and transforming them into productive citizens in our country and around the world.

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