- 23 Oct 2012 14:31
#14088437
This does indeed sound like an essay question, and of course a politically loaded essay question at that. The idea that "socialism is the reason that capitalism was a miserable failure at first" is absurd to say the least. There is a sort of consensus that the "shock therapy" of the Chicago School (free market ideologists) was the cause of the harshness of the transitions. Some folks argue that a "slower smoother" transition would have been better.
Of course I would argue that no transition would be ideal.