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Capitalism, Socialism and The Caribbean Part 2

In our previous piece we took some time to clarify the major difference between the capitalist and socialist ideologies. With that settled we proceeded to look at our region’s recent history and with it, some pros and cons of both views and their impact in the modern Caribbean and Latin American region. It remains as imperative as ever to restate that both views are not absolutes as they can, in fact, be present in any economy at the same time to varying extents. That in mind, let’s continue along that train of thought and better yet, let’s see how it informs our colonial history as well. The Plantation Economy’s Legacy By default a lot of islanders seem to be fundamentally opposed to capitalism from the moment it’s raised as a topic. This despite unwittingly realizing the various benefits or daily applications of it they enjoy; ranging  from their favoured gadgetry and luxury items to consumer choice and options for social mobility. Why is that though? One answer may lie in the imperialistic nature of our colonial history where islands frequently changed hands and were fought over in the interest of profit and financial gain. Make no mistake the nature of

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