asked 122k views
1 vote
How did socialism play a reactionary role of the negatives of capitalism?

asked
User Beny Lim
by
8.2k points

1 Answer

2 votes
Capitalism affords economic freedom, consumer choice, and economic growth. Socialism, which is an economy controlled by the state and planned by a central planning authority, provides for a greater social welfare and decreases business fluctuations.
answered
User Allan McLemore
by
7.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.