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Uploaded on Jul 27, 2007
The definition of "capital" as a basic term in this tutorial. The difference between so-called "capitalist" societies and communist societies where people are considered capital (property) of the state in the latter. In Part 3, the discussion turns to these systems and frames them in terms of "Monopolistic, state-controlled" and "Competitive, Free Enterprise" means of production. Which one is compatible with which form of government? Which form of government and what type of economic system do we want to keep?