2min chapter

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Capitalism: What Is It?

Throughline

CHAPTER

Capitalism and the Rise of Socialism

Capitalism as we know it today would look dramatically different were it not for the presence of its socialist other. Without socialism, there's no World War II, without revolution in the Soviet Union,. The Nazis very likely do not get to power in Germany because a large part of their of their pitch is we're going to go and save you from Bolshevism. So without the rise of either the communists or the Nazis, then you probably have a peaceful transition.

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