“Capitalism seems to work well only under certain conditions, Mog,” Abayaw started to say, as he looked around at the skyscrapers and the upscale shops along Fifth Avenue in New York. “But, what may be feasible for the West may not necessarily work for the East.”

“Is this one of your chicken-and-egg situations, Yaw?”

“Yes, Mog. You see the Americans are prosperous because they have social equality and economic stability. Their society functions satisfactorily because homogeneity exists in terms of religion and language. Where these criteria do not exist, capitalism cannot work.”

“In other words, Yaw, if these conditions are not met, then socialism is commendable?”

“Yes, Mog, because socialism provides stability to a country with an uncertain economic situation, especially when they have to bridge the gap between the rich and poor. Most third-world countries do not have the necessary ingredients to make a capitalist system work.”

“If you care to know what my political leaning is, Yaw, I would have to say I am a fence-sitter. There is violence by both wings, and depending on how either affects you personally, I suppose you tend to take the opposite side.”

“But, Mog, capitalism and socialism are economic systems. If we have an Eastern form of democracy, why impose a Western definition? These are two sides of the same coin. Both economic systems work in a democracy.”

“But socialism doesn’t benefit Western economies,” Dulmog observed, “and that’s where the trouble lies. A socialist government prefers to keep the profits of its economy for its own people–thus bridging that domestic rich-and-poor gap. But, Yaw, isn’t the political structure based on the economic system?”

“Yes, Mog, it is. Politics and socio-economics work closely hand-in-hand.”