Sunday, October 05, 2008

Capitalism vs. Socialism In a Single Picture


Capitalism vs. Socialism In a Single Picture

North Korea vs. South Korea at night. (HT: OBloodyHell)

According to the CIA World Factbook, 2007 GDP per capita (PPP) was $25,000 in S. Korea vs. $1,700 in N. Korea.

In "Why Socialism Failed," I concluded that "The main difference between capitalism and socialism is this: Capitalism works."

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