A common misconception is the attribution of the Great Depression to the failures of Capitalism. Excessive greed from Wall Street Capitalists, artificially inflating the NYSE through speculation, produced an economic calamity – a tale told by Socialists and misguided historians alike. While the Wall Street Crash of 1929 provoked an initial economic contraction, the declineContinue reading “Roaring Twenties to Depressing ’30s”
Tag Archives: capitalism
Socialism vs. Free Market Capitalism
The debate of the 20th century is once again raging. Despite capitalism’s resounding defeat over the failing socialist regimes – the Soviet Union, Cuba, and North Korea particularly, far-left millennials insist on a return to these miserable times. A recent survey by YouGov found that a strong majority of Generation Z types and millennials viewedContinue reading “Socialism vs. Free Market Capitalism”
