Understand Socialism, Communism, Fascism, & Nazism in 15 Minutes (Part I)

The reason why some countries are rich and others poor depends on many things, including the quality of their institutions, the culture they have, the natural resources they find and what latitude they’re on.

Part One is about Socialism and Communism.  Next week we’ll deal with Fascism and National Socialism.

This video is purely academic.  It neither condemns nor promotes any of these systems.

Why Some Countries Are Poor and Others Rich

The reason why some countries are rich and others poor depends on many things, including the quality of their institutions, the culture they have, the natural resources they find and what latitude they’re on.

This video touches on cultural as well as religious factors that can determine a nation’s wealth or poverty.  They do not touch on race, but who can blame them?  They don’t want the trouble.