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Capitalism or socialism? People argue about it like it's a team sport. But there's a way to test it: look at what actually happened when countries tried each one. First, let's define terms. Capitalism means private ownership, free markets, competition, and prices set by buyers and sellers. Socialism, in practice, means the government owns the major businesses and plans the economy from the top. Here's the case for capitalism. Argument one, prices carry information. No single person knows how man
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