Purchase Solution

A middle economic way between capitalism and communism

Not what you're looking for?

Ask Custom Question

Can there be a middle economic way between capitalism and socialism (Russia), or capitalism and communism (China)? What tends to happen when you try such a path?

Purchase this Solution
Solution Summary

The solution discusses the middle economic way between capitalism and communism.

Solution Preview

Let's take a closer look. I also attached a supporting article for further reading, from which this response is drawn.

Capitalism is an economic system that meets economic goals by private enterprise and initiative, subject to the supremacy of the public's buying and abstention from buying on the market. All types of socialism and communism argue that "the market economy or capitalism is a system that hurts the vital interests of the immense majority of people for the sole benefit of a small minority of rugged individualists. It condemns the masses to progressing impoverishment. It brings about misery, slavery, oppression, ...

Purchase this Solution
Free BrainMass Quizzes
Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Introduction to Finance

This quiz test introductory finance topics.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

View More Free Quizzes
Related BrainMass Solutions

  • Economic Middle Way between Capitalism & Communism

    308905 Middle way Can there be a middle economic way between capitalism and socialism(Russia), or capitalism and communism(China)? What tends to happen when you try such a path? There seem to be a lot of efforts to find a middle ground.

  • Republic Vs Federal Government

    In a way socialism is a transition stage from capitalism to communism. The socialist's principle is that of distribution according to deeds and the communist principle is that of needs.

  • The Industrial Revolution, Capitalism & Communism

    In Capitalism, economic growth depends solely on the growth of private business, and those who work hard for it achieve a higher status.

  • Work and the Economy

    There are various Political/Economic Systems, such as capitalism, communism, fascism, dictatorship, etc.) (http://www.apatheticvoter.com/PoliticalEconomicSystem.htm).

  • economic power so as to gain social and political power

    Include a discussion about whether or not this is a feature of each economic system: capitalism, socialism, and communism. Theories are typically created so as to make sense of experiences.

  • Social consequences of the Industrial Revolution

    The rise of capitalism resulted in a great divide between rich and poor, which led rise to communism and movements to advance the plight of those without as a result of the perceived evils of capitalism.

  • Strengths and weaknesses of current global economic systems

    Today they use a very capitalistic economic system while retaining communism in politics and social engineering. a. Describe each system.

  • Communism vs. Capitailism, Nixon's kitchen debate

    - a specific event about Communism versus capitalism; COLD WAR - interpretive issue to analyze and evaluate the event and its significance within modern history.

  • Marx - Karl

    disparity and conflict between the working and ruling class due to economic status and exploitation of the working class by the ruling class).

View More Related Solutions