Socialism vs. Capitalism Socialism, or the way of organizing a society in which major industries are owned and controlled by the government, plays a large role in our novel 1984 by George Orwell. Socialism is the opposite of the word Capitalism, which can be defined as an economic and political system in which a country's trade and industry are controlled by private owners for profit. One could compare socialism to a dictatorship, and capitalism to a democracy. In 1984, we see a socialist society
twentieth century world history, in view of these upheavals, the Eastern half of the globe was commanded by the forceful and developing energy of socialism while Capitalism turned into a predominant drive inside the Western side of the equator. These two transformations would be a forerunner to the royal rumble in the middle of Communism and Capitalism which is the hugest element in the development to the Cold War. The Russian Revolution transformed Russia into the Communist state known as the USSR
Term paper Vinogradova Svetlana, 341 group Differences of economic institutions between North Korea and South Korea Introduction A single nation was divided into two different countries in 1945. It was the starting point for a radical change in political, economic and cultural development of North Korea and South Korea. Previously one nation became two countries with opposing ideological regimes and political systems, which are faced with serious contradictions at risk escalate into an armed confrontation