Economic Policies in Asia

Economic Policies in Asia: Varying Approaches to Capitalism, Socialism, and State-Controlled Economies

Asia is a continent characterized by its vast diversity, not only in culture and history but also in economic systems and policies. The liberal market economies of Japan and South Korea to the state-controlled systems of China and Vietnam, Asia...
capitalism and racism

Perspectives: Capitalism as an Antidote to Racism

In "Racism," Ayn Rand delineates a striking argument that racism — which she regards as "the lowest, most crudely primitive form of collectivism" — stands in stark opposition to capitalism. Rand, a staunch advocate of laissez-faire capitalism, posits that the...
homelessness

Why has capitalism not solved homelessness?

Homelessness, a profound social issue, continues to persist in capitalist societies worldwide. Despite the wealth generated by capitalism, the problem of homelessness remains unresolved. The reasons behind capitalism's failure to eradicate homelessness. While capitalism has brought unprecedented economic growth and...