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6

Utopian Socialism to Amana Microwave Ovens

Lecture no. 6 from the course: Capitalism vs. Socialism: Comparing Economic Systems

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Taught by Professor Edward F. Stuart | 29 min

The many opportunities and innovations of capitalism in the U.S. did not come without a cost. Religious and political thinkers alike turned to new solutions to alleviate the often horrible conditions many workers experienced, resulting in socialist projects that fell into two camps: utopian and scientific. Close with a look at the difficulties inherent in running socialist systems in a largely market economy.