Does Socialism Breed Corruption and Authoritarianism? Or is that Capitalism?

Tim Libretti, PhD
5 min readApr 7, 2019

To perhaps an unprecedented degree in the United States, we are witnessing an increasingly serious debate playing out about the relative merits of capitalism and socialism.

This development is healthy, allowing the opportunity to assess the effectiveness of the way we organize our economy to meet human need through honest comparison with the ways other nations do, as we search for the best solutions and possibilities for serving people’s needs.

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Tim Libretti, PhD

Professor of Literature, Political Economy enthusiast, Dad, always thinking about the optimal world