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- Explain how the conventional
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Card 16 / 19: Explain how the conventional "Left Wing/Right Wing" dichotomy (or Left/Right Spectrum) with communists on the left and fascists on the right makes little sense in terms of economics.
Answer:
Both communism (extreme left wing) and fascism (extreme right wing) are examples of socialism. It is more useful to group Stalinist Russia and Nazi Germany in the same category of totalitarianism, and contrast it with a society based on private property where government officials can't violate individual rights. Sample Partial Credit Answer Both are socialism.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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