On Economic Systems

The recent discovery of the problems at Enron and other companies in the USA indicates that the free market/capitalism is, like communism, a good idea in theory but in practice falls into corruption and failure through peoples selfishness. Due to cultural differences between the Slavonic and Causican cultures however, the corruption in the capitalist system is better hidden/more efficient and hence has taken much longer to come to the attention of the world.

Discuss