What are your first thoughts when you hear the word “capitalism?” Take a moment to ponder.
Next, what are your first thoughts when you hear the word, “socialism?” Give yourself a minute to reflect on the word.
Does one word have a positive connotation and the other a negative one? Do both words evoke a neutral response for you?
If you are reading this, you are probably a budding sociologist and know that the society we grow up in will significantly mold and shape us. Growing up in a capitalist economy will impact us differently than residing in a socialist economy. Therefore, the way we think about the world will be a result of our socialization, the process by which one learns the appropriate attitudes and behaviors within a culture.