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Socialism: From Karl Marx To Ayn Rand

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From Karl Marx to Ayn Rand, people have opened their minds to the concept of socialism and capitalism. These political and economic systems have been around for hundreds of years. Socialism is no longer followed by countries today. Countries such as the United States, Switzerland, and Saudi Arabia are examples of capitalist countries. Socialism and capitalism vary in multiple ways. Socialism, according to Oxford Dictionaries, is a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Everything produced will be equally shared among the people. Buying, currency, and selling would be eliminated from a socialist society.

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