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The social media leads to socialism

Hannah Gomez Farias (Economics Department, Joseph A. Butt, S.J. College of Business, Loyola University New Orleans, New Orleans, Louisiana, United States)
Ann Paskor (Independent Scholar, New York City, New York, United States)
Walter E. Block (Joseph A. Butt, S.J. College of Business, Loyola University New Orleans, New Orleans, Louisiana, United States)

Humanomics

ISSN: 0828-8666

Article publication date: 9 November 2015

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Abstract

Purpose

The purpose of this paper is to trace the relationship between social media and socialism.

Design/methodology/approach

The design of this paper is to articulate what is socialism and social media. We trace the relationship between the two based on quotations and citations between these two separate universes of discourse.

Findings

Social media leads to socialism; this is the most unsophisticated understanding of economics, and pretty much anyone can take part in this mode of communication. The economically illiterate excoriate capitalism, but they fail, utterly, to distinguish between the crony capitalism, which really does exploit workers and the poor, from laissez-faire capitalism, which is the last best hope for humanity to prosper and even to survive.

Originality/value

There is great originality in this paper because there is no other extant study that attempts to explain social media and socialism in terms of each other.

Keywords

Citation

Gomez Farias, H., Paskor, A. and Block, W.E. (2015), "The social media leads to socialism", Humanomics, Vol. 31 No. 4, pp. 385-398. https://doi.org/10.1108/H-10-2014-0070

Publisher

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Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

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