Capitalism vs. Socialism — Thoughts?

Photo by Monstera Production

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.

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