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MEXICO CITY, MEXICO – JULY 01: Andres Manuel Lopez Obrador, in Mexico City, Mexico. (Photo by Manuel … [+] Velasquez / Getty Images) Getty Images Lately the terms capitalism and socialism have hovered over the social ether, usually inappropriately or as misinterpretations, but mostly as derogatory. For opponents, capitalism isRead More →
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A mixed economic system is an economy that allows private property and allows businesses and consumers to freely use capital. However, in a mixed economy, governments can intervene through regulation of the economy if it is deemed to be in the best interests of all. Mixed economic systems are notRead More →
By Juliana Taiwo-Obalonye, Abuja President Muhammadu Buhari pledged that Nigeria will continue to support the African Peer Review Mechanism (APRM) process in the country because of its benefits for good governance and democracy. The president called the review “timely and practical,” explaining that the current administration, with its mantra ofRead More →
Jersey Liberal Conservative Party launch party – Sir Philip Bailhache, Oliver Wilderspin and Susana Rowles. Photo: JON GUEGAN (31234935) Sir Philip Bailhache said Liberal Conservatives in Jersey did not approve of “wasting our financial resources”, adding that they believed in “appropriate” investments to stimulate the economy. Speaking at the JLCRead More →
A majority of young Britons would like to live in a socialist economic system, new research shows. Millennials reject capitalism and firmly blame housing climate change crises. They feel that socialism, on the other hand, is a good idea that has simply been done badly in the past. The surveyRead More →
Hide caption For decades, the New Deal shaped the American economic system, until one fringe political project and ideology eventually overshadowed the old system with a system that put the free market first. Previous Next Martin Bernetti / AFP via Getty Images Hide caption Friedrich von Hayek in the lateRead More →