Capitalism, communism and socialism are the world’s three major economic systems. While the phrase “economic system” may seem like a yawn, countless people have fought and died in major wars over which one should dominate.
Shifts from one system to another, like the 1989 fall of communism in much of Eastern Europe, changed the lives of millions. And while researchers know that a country’s economic system dramatically impacts people’s living standards, less is known about how attitudes toward these systems have changed over time.
