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Episiode 115: Capitalism, Socialism and Communism

Episiode 115: Capitalism, Socialism and Communism

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Though various forms of Capitalism have existed since ancient times, Adam Smith in 1776, was the first to philosophize the concept of free markets. The Industrial Revolution gave Capitalism a massive boost but the exploitation of labor led Karl Marx to publish the Communist Manifesto in 1848 and Das Kapital in 1867.

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