Comparison of Communist and Capitalist Economies. Is "Shock Therapy" the Best Option during Transition?

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The paper examines the differences between economic planning in a socialist system and market dynamics in capitalism, analyzing the successes and failures of each. It delves into economic and social implications, evaluating the effectiveness and shortcomings of both systems. Additionally, it questions whether shock therapy is a viable strategy for achieving a stable long-term transition, providing insight into the complexities of economic reform.