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Tag: politics

He’s a Commie, She’s a Socialist

If you’re like me, you have heard people and places referred to as communist, socialist, or capitalist. You probably already know the basic differences between them but hopefully this article will dive just slightly deeper into their meaning. Is Russia a communist country? The answer is no. Does China operate under a capitalist economic model? The answer is mostly yes. Is Venezuela a socialist country? The answer is not exactly. Let’s clear up a few things about the definition of each term because there meanings are often misunderstood and unfortunately used to label political enemies. I’m going to start by taking a stab at explaining the differences between capitalism, socialism, and communism in terms of economic theory. I often hear…

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