Episode

What’s the difference between capitalism, socialism, and communism?

Podcast: Marketplace All-in-One
Published: Jun 9, 2026
Duration seconds: 1986
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Canonical source: https://www.marketplace.org/episode/2026/06/09/whats-the-difference-between-capitalism-socialism-and-communism
Audio: https://pscrb.fm/rss/p/mgln.ai/e/5/dts.podtrac.com/redirect.mp3/play.publicradio.org/podcast/o/marketplace/million_bazillion/2026/06/09/millionbazillion_20260609_MB_S10_E7_Economic_Systems_128.mp3?awCollectionId=mkp-AllNOne&awEpisodeId=01KT7T0KQEHVS8RC8HPJT27HK4
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Markdown: /podcast/marketplace-all-in-one-432449/what-s-the-difference-between-capitalism-socialism-and-communism.md

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Summary

Bridget and Ryan are having their lunch break at a Chinese restaurant when they run into “Million Bazillion” listener Daphne with a big question: What’s the difference between capitalism, socialism, and communism? Turns out, each system was born out of people’s attempts to build a better society, but they have very different ideas about the role the government should play in our money lives. As the duo work their way through these "isms," they explore the problems that each system tries to solve and the tradeoffs that come with it.