The eastern and western half of Europe have a huge gap in the socio-economic sphere. East European countries are plagued by the lack of a social security contract leading to high social inequalities, strong social disintegration, egotistic individualism and extensive destitution and poverty. There has been minuscule progress in addressing
Tag: capitalism
NORDIC ECONOMIC MODEL – IS THE GRASS GREENER ON THE OTHER SIDE?
At the time when the world’s richest 1% own 44% of the wealth and the lowest 56.6% people own less than 2% of the global wealth (source), many of the scholars, economists, politicians and policymakers are looking for ways to remedy the situation. In this backdrop, the Scandinavian countries of
CAPITALISM VS SOCIALISM: RELEVANCE OF MARXISM THEORY IN TODAY’S WORLD
Marx was convinced that he had discovered the “laws of history” that determined the inevitable demise of capitalism and the triumph of socialism. This is a complete peculiarity, as the substantiation of successful ideas is shown through their implementation and not through their theoretical analysis. Every idea seems to be