25. What are Communism, Socialism, & Capitalism? Economic Ideologies 101

This is a basic foundational view of the economic ideologies designed for non-experts who need a refresh. When a person calls themselves a communist, or a socialist, or a capitalist, what does that even mean? What are the basic foundational principles behind each economic ideology? Why does understanding these systems at even just a basic level matter so much? I take these complex economic systems and make them approachable in this episode on Communism, Socialism, and Capitalism.  Transcript for this episode. This podcast is part of the Airwave Media podcast network. Visit airwavemedia.com to learn about other fantastic history and education-centric shows that are created for curious, thoughtful people. Please contact [email protected] if you would like to advertise on our podcast. You can also support the podcast through Patreon. For more information on Wiser World:  Instagram: https://www.instagram.com/wiserworldpodcast/ Website (sign up for email newsletter): https://wiserworldpodcast.com/ To join the email list, click on the website link, and it will take you there. Song credit: "Heart of Indonesia" by mjmusics  Learn more about your ad choices. Visit megaphone.fm/adchoices