Tag: communism

Communism

Philosophy – General, Policy

Communism is an ideology based on the precept of “common ownership” most popularly believed to have originated from the Greek philosopher, Plato’s 380BC piece, “The Republic” in which he described a state where people shared all their property, wives, and children. With the 1917 October revolution in Russia that brought the first communist organization to…
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Capitalism

Business, Economics – Others, Economics – Planning, Finance – Money

Capitalism, according to Investopedia, is a system of economics based on the private ownership of capital and production inputs, and on the production of goods and services for profit. This Adam Smith’s doctrine, Aynrand adds, is a social system based on the recognition of individual rights, including property rights. Nigeria was incorporated into the free…
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