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The author lived under all 3 types of economies: planning (in the former Soviet Union), mixed (in Africa: Rwanda and Tanzania), and market (in the USA).
Why countries chose to have a Market, Planning, or Mixed economy? In reality, there in no one country in the world that has only a poor market economy, or poor mixed economy, or poor planning economy. Why? Please find answers in this story.
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There are 3 types of American capitalism: (1) Old capitalism which occurred from the 17th century-1940s, (2) New capitalism, from 1940s—1991, and (3) Global capitalism from 1991— present.
The story defines, explains, and analyzes all 3 types of American capitalism.
Today, almost all countries in the world (including Russia, China, and India) have the same type of capitalism — Global Capitalism.
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Big scams in the USA that are destroying the American middle class, seniors, and the nation. Some of these scams are: dot-com; subprime mortgages; 0% interest rate; international disorder; higher education scam; private prison scams; sport and entertainment; tax scam; etc…
It is not by an accident that from the above scams in the last 20 years (1996-2016) over 6 million "new Wall Street millionaires" were created in the USA and over 400 billionaires....
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How did the USA survive and recover from the Great Depression of the 1930s? There were 3 factors responsible for it: (1) World War II; (2) Noble President Franklin D. Roosevelt, FDR; and (3) The struggles, and tribulations of that generation.
The story describes thee Great Depression, FDR's "New Deal," and input and sacrifices of the Great Generation.
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President Barack Obama's 2 New Doctrines: "World Disorder" and "National Disorder" are discussed in this story.
The Americans, disappointed with failing policies of President George W. Bush, elected new leader-President Barack Obama.
To fill in the wants, needs, and aspirations of Americans, Presidential Candidate Barack Obama appeared with his many idealistic promises and powerful slogans. He promised peace and prosperity to the people. But, once...
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The British were French old enemy. Not to fight the British on French soil, the French King was financing America Revolution in 1775-1783 by heavily taxing his subjects. Queen Marie Antoinette never looked "thru the window" to see how her people lived. Soon, the French people became impoverished and revolved. They started their own French Revolution in 1989. Revolutionaries executed the King and sent Marie Antoinette to guillotine.
More than 200...
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Sometimes I hear some disappointments, especially from younger people, that they have very few achievements, if any, in their lives. Often, they blame it on themselves, thinking that they are not smart enough, or took this particular job, or choose this profession, instead of a different one.
I always reason with them – otherwise. Do not put total blame on yourself. To reinforce my challenge I cite to them this particular story-Ability Is Nothing...
8) When Capitalism Ran Amok and Brought the Capitalist Economy to the Brink of Collapse, Socialism W
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Unrestricted and unchecked American capitalism has run amok and 2 times brought the USA economy to the brink of collapse: "The Great Depression of the 1930s," and a Financial Crisis of 2008.
The 1st time capitalism ran amok was in the 1930s. It resulted in a national crisis called "The Great Depression of the 1930s," 1929–1939, that devastated the nation. Socialism was called to rescue the economy.
The 2nd time capitalism ran amok was in 2008,...
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The Soviet Union disintegration in 1991 was a curse and not a blessing for the USA and the Western Europe. Their economies eventually spiraled down, due to rampant laws of a fee-market economy, categorized by "expansion in all directions without any restrictions."
The USA is sinking from $20 trillion debts, and $17 trillion personal debts; middle class disappeared; 1 in 2 Americans live in poverty or under poverty line; and jobs are, shipped to China,...
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