A Common Misunderstanding about Capitalism and Communism Through the Eyes of Innovation

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This paper argues that the theories of communism and capitalism do not need to be considered opposites or alternatives, but rather systems that satisfy different stages of humanity´s technological development. The argument derives from Maslow´s hierarchy of needs and a focus on the role of innovation within the systems. It is argued that capitalism focuses on the lower and communism on the higher layers of the hierarchy, which lays the basis for their inability to compete.

Posted for comments on 20 Feb 2018, 2:01 pm.

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