Ach-F
11-15-2008, 08:44 PM
Capitalism - an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit
Socialism - a political theory or system in which the means of production and distribution are controlled by the people and operated according to equity and fairness rather than market principles
In recent days we have seen western governments pouring tax payers money into private banks and other institutions. Why did the western Government do just that? They never agreed for Tanzania to do the same and hence privatised NBC and other Parastatal organizations. What can we learn from this fiasco? Who will pay at the end of the day? Does African leaders know what is going on?
Socialism - a political theory or system in which the means of production and distribution are controlled by the people and operated according to equity and fairness rather than market principles
In recent days we have seen western governments pouring tax payers money into private banks and other institutions. Why did the western Government do just that? They never agreed for Tanzania to do the same and hence privatised NBC and other Parastatal organizations. What can we learn from this fiasco? Who will pay at the end of the day? Does African leaders know what is going on?