Follow Robert Facebook
Email Robert Email
Education
Sep 15, 2016

Socialism Or Capitalism? The Debate Comes To Campus

Sponsored Content provided by Robert Burrus - Dean , Cameron School of Business - UNC-Wilmington

While capitalism is still favored by the majority of Americans, a January poll suggests socialism’s popularity is on the rise. 

As reported in The Washington Post, a poll asking respondents whether they had a favorable or unfavorable view of socialism and capitalism found capitalism to be the big winner overall. But respondents under 30 years of age decisively embraced socialism.

Some older Americans dismiss the millennials’ choice by saying they are too young to remember the failure of centrally-planned economies or the lack of personal freedoms in socialistic or communistic societies.

Too young to recall? Perhaps.

A casual examination of recent history finds a meltdown in financial markets during the financial crisis, lingering unemployment (until recently) and the possibility of continued underemployment, deep and growing levels of income inequality and potentially crushing student loan payments. These observations support forecasters that remind the current generation they are potentially the first generation to achieve less economically than their parents. It’s no wonder alternatives to the perceived status quo are being explored both politically and economically.

Regardless of your personal preference, the economic systems will be the subject of a debate at 6 p.m. on Tuesday, Oct. 18 at UNCW’s  Burney Center.

Two distinguished academics - Dr. Steve Horwitz from St. Lawrence University in Canton, New York and Dr. Gerald Friedman from the University of Massachusetts-Amherst - will discuss issues comprising of the roles of markets and governments within society, including their ability to exacerbate or reduce inequality. They will also cover multiple ways of conceptualizing income inequality and how it impacts economic efficiency and what, if anything, we should do about it. You’ll leave with ideas and questions about how real standards of living depend not only on absolute but also on relative incomes.

The on-campus debate is sponsored by the BB&T Global Center for Capitalism and Ethics in the Cameron School of Business.  For more information, visit csb.uncw.edu/bbtcap.

Robert T. Burrus, Jr., Ph.D., is the dean of the Cameron School of Business at the University of North Carolina Wilmington, named in June 2015. Burrus joined the UNCW faculty in 1998. Prior to his current position, Burrus was interim dean, associate dean of undergraduate studies and the chair of the department of economics and finance. Burrus earned a Ph.D. and a master’s degree in economics from the University of Virginia and a bachelor’s degree in mathematical economics from Wake Forest University. The Cameron School of Business has approximately 60 full-time faculty members and 20 administrative and staff members. The AACSB-accredited business school currently enrolls approximately 2,000 undergraduate students in three degree programs and 200 graduate students in four degree programs. The school also houses the prestigious Cameron Executive Network, a group of more than 200 retired and practicing executives that provide one-on-one mentoring for Cameron students. To learn more about the Cameron School of Business, please visit http://csb.uncw.edu/. Questions and comments can be sent to [email protected].
 

Other Posts from Robert Burrus

Csbwbjmbaad300x250px 4151594621
Ico insights

INSIGHTS

SPONSORS' CONTENT
Webilm julieformal kellystarbuckcom mg 5471

The Benefits of Enrolling in the TSA Precheck Program

Julie Wilsey - Wilmington International Airport
Susan 2 april242017

Don’t Get Conned: How to Spot Crowdsourcing Campaign Scams

Susan Willett - Old North State Trust, LLC
Billhunter300x300 b&w

Data is More Useful with Visualization

Bill Hunter - Wilmington Design Company

Trending News

Coming Soon To Carolina Beach: Condos, Fork N Cork, Publix

Cece Nunn - Dec 17, 2018

Business Park Proposed For Hampstead Area

Christina Haley O'Neal - Dec 17, 2018

In The Current Issue

KWHCoin Taps Into Blockchain

KWHCoin, a blockchain-based renewable energy company, has plans to install over 50,000 solar energy systems in Sierra Leone in 2019 with hel...


Rulmeca Rolls Into New Space

A Wilmington-based company that produces motorized pulleys for a variety of markets has moved into a new, larger space to meet an increasing...


Downtown Still In Demand, Despite Vacancies

Real estate professionals say empty storefronts along Front Street and elsewhere in downtown Wilmington aren’t indicative of a declining mar...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties