Jeremy Siegel on Socialism, Capitalism, and Why It's Different This Time

After the 2008 economic bust, the U.S. government took substantial ownership stakes in General Motors (NYS: GM) , Citigroup (NYS: C) , JPMorgan Chase (NYS: JPM) , and dozens of other companies.

Capitalism, some said, was dead. And they were right, at least temporarily.

But compared with other busts, we've been lucky. After past global financial crises, economies clung to socialism as a new way forward, dramatically limiting the ensuing recovery. We're not seeing that today. Despite handwringing and rhetoric, global economies still embrace capitalism. That's an overlooked fact that bodes well for our future, as Wharton professor Jeremy Siegel told me during our recent chat . Have a look:

What do you think? Share your thoughts in the comments section below.

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At the time this article was published Fool contributorMorgan Houseldoesn't own shares in any of the companies mentioned in this article. Follow him on Twitter @TMFHousel.The Motley Fool owns shares of Citigroup and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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