The Wealth of Nations

Latest Posts in The Wealth of Nations

A Rational View of Capitalism vs Socialism in America & History

President Donald Trump declared that America will never be socialist. He’s beating up a strawman, since there has never been a fully socialist country. That’s because, throughout history, every country, whether it considers itself socialist or capitalist, engages in capitalism to some degree, which is essentially the existence of a marketplace, where goods, services, information, and labor are exchanged.