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Chapter Four: Further Explanations


Published February 25, 2021

What are the economic consequences of socialism? How do we defend free markets when the definition of capitalism is so fluid? Peter Berkowitz answers these questions and more about socialism and capitalism.

Discussion Questions

  1. What comes to mind when you hear the word “socialism”?
  2. Is capitalism the best economic system for the world?
  3. What are the differences between socialism and capitalism?

Additional Resources

  • To learn more about socialism and free-market capitalism, click here.
  • Read “Capitalism, Socialism, and Freedom,” by Peter Berkowitz. Available here.
  • Watch “Socialism and Free-Market Capitalism,” by Peter Berkowitz. Available here.
  • Listen as Peter Berkowitz discusses liberty, self-government, and political moderation. Available here.