Capitalism vs. Socialism: Comparing Economic Systems (HD 720p)

LeeAndro · Jun 13, 2022

Capitalism vs. Socialism: Comparing Economic Systems
HD 720p | .MP4, AVC, 2000 kbps, 1280x720 | English, AAC, 192 kbps, 2 Ch | 12:07:34 | 11.2 GB
Genre: eLearning Video / Economy and Finance, Politics
Lectures:

Capitalism and socialism turn on the major societal issues of education, healthcare, social services, and taxation. And they raise civil liberties tradeoffs that weigh individual freedom against the social safety net and collective security.

Because economics focuses on these pocketbook issues, many people believe the field is simply about money when, in reality, money is merely a means to an end. Economics is really about people and their lives, and societies have been in pursuit of the ideal system for centuries, one that can balance these ongoing, competing desires for freedom versus security. No one has found perfect equilibrium-the debates rage on and economies are in constant flux-but some major contenders have emerged, all of which are variations of capitalism and socialism in differing degrees and combinations. Determining which, if any, is the best possible option in a definitive way, however, is a Sisyphean task and one riddled with complications.
Understanding and endeavoring to solve these perpetual dilemmas is the job of comparative economics. By looking at the many economies around the world-their histories, their failures and successes-comparative economics attempts to uncover the influences, systems, and decisions that can do the most good for the most people. Guiding you through this complex web of values and theories is Edward F. Stuart, Professor Emeritus of Economics at Northeastern Illinois University, who is a specialist in both comparative economics and Russian and Eastern European studies. Professor Stuart has been traveling, teaching, and learning about these economic systems-in the former Soviet Union, the former Eastern Bloc, China, Scandinavia, and Europe-for more than 30 years. It could even be argued that he was born to be a comparative economist, raised in a household defined by the very debates he analyzes as personified in the libertarian views of his father and his mother's social progressivism. This familial link to his subject offers a personal dimension to his approach, one that demonstrates his ongoing passion for the ways these debates play out on a global scale.
Economists venture to understand immensely complex systems that encompass not only finance and trade, but social structures, governments, family arrangements, geography, and more. The illuminating 24 lectures of Capitalism vs. Socialism: Comparing Economic Systems will show you the many ways the most influential modern economic theories were developed, how they function (or don't), and how they manage to operate both together and in opposition to each other, from the rise of Soviet communism to the future of the European Union and beyond. As you compare and contrast the many ways societies tackle economic issues, Professor Stuart demonstrates that even the most controversial economic decisions boil down to a deceptively simple question: What makes a good society?
One of the first misconceptions Professor Stuart clarifies is that there is no definitive way to determine if an economy is objectively "good" or "bad." Rather, there are many statistics and data points economists can use to measure the relative health of a given system. From gross domestic product (GDP) to unemployment rates to inflation and even life expectancy, there is no shortage of measuring tools. The greatest difficulty lies not just in translating complex metrics, but in choosing which of these measurements matter. While discussion of GDP is common in the news, not everyone holds it as the absolute yardstick for economic success. And while few people would argue that low unemployment and low rates of inflation are good things for an economy, even fewer can agree as to whether either is a significant statistic to measure prosperity. As Professor Stuart notes, "people can argue forever using whatever statistics prove their point."
If there are no foolproof conclusions to draw from the wealth of information available, how do we know when an economy "works"? What is more important, economic equality or rapid growth? Low inflation or infant mortality rates? As you progress through the history of capitalism, socialism, communism, and mixed-economies-and look at their manifestations across the world today-Professor Stuart will demonstrate that absolutes in economics are much like those in culture or politics: impossible and ultimately unhelpful. Rather, it is in finding balance, making comparisons and compromises, that economies discover how to prosper, stagnate, or, in some cases, collapse.

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Capitalism vs. Socialism: Comparing Economic Systems (HD 720p)

LeeAndro

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