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Capitalism Socialism
Debate Score:205
Arguments:84
Total Votes:291
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 Capitalism (13)
 
 Socialism (11)
 
 Capitalism is outwardly consistent as su (7)

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Capitalism vs Socialism

Which form of government is better?

Capitalism

Side Score: 102
VS.

Socialism

Side Score: 103
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10 points

While I believe in theory socialism is really great, I have to side with capitalism. Capitalist societies seem to have very powerful economies. The U.S. has only been a country for 232 years, and has become a superpower. One huge reason is because of the great freedom, but capitalism has definitely helped. The GDP of the U.S. far exceeds that of any other individual country.

People like to say that capitalism doesn't work well because of greed. I'll agree that is one of the negative points of capitalism, but it's also one of the positive ones as well. In capitalistic societies, companies compete in a free market. They are of course greedy, but because of greed they fight to gain more customers. Competition almost always benefits the consumer because they are reaping the benefits of having amazing products or services.

480 days ago
- ta9798(263) Disputed
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3 points

I'm not as well versed in the ideas of capitalism as i would like but capitalism seems to be just about profit and thus is run mainly on greed. In a real capitalist society there wouldn't be any regulations on businesses so some important factors such as using clean technology might never be utilized since at first it is expensive, and innovation is usually driven by profit not the good it will do to society. The consumer wins when there are multiple companies producing the same or similar services and products, but in a true capitalist nation there would be no laws against monopolies. Once a monopoly is reached the consumer loses. I agree that capitalism or at least the semi-capitalism the United states practices is very good at making money, but at what cost?

A socialist nation may not make as much money as a capitalist nation but most of the people in it will live better lives. Once you reach a certain wealth threshold additional wealth means little, unless you feel you must show off you wealth and well...

479 days ago
- bossypants(2) Supported
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3 points

all i have to say is screw crime rates obiesity ect. Do you really want the government to tell you what to work, how long you can work, how much money you make and tax you till you're broke? In china it used to be a law that you couldn't have more than one child, and you couldn't take you possesions out of the contry. Honestly, china wouldn't let you leave.

p.s. the u.s. is totally obiese because we have the CHOICE to eat the crappy food from McDonalds, not because we have a capitalist government.

470 days ago | Tagged As: i want a say in my life
- JelloBiafMan(4) Supported
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2 points

Wow. The one baby act is actually an beneficial idea especially in the sort of environmental/resource crisis we are in. They are actually doing something to help future generations where we look at it as a choice. We are the beholders of a choice that could end humanity. Lastly if anyone in this world had principles (which capitalism does NOT support) then all of this would seem ridiculous to the eyes of free thinkers (also not promoted by capitalism). If you looked at it from an objective standpoint i would believe you would be saying much different things.

396 days ago | Tagged As: Capitalism
- HGrey87(737) Disputed
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1 point  

Yes, America is prosperous. But surveys say we have fewer friends than ever, and that financial prosperity does not make one more satisfied with life. And yes, we benefit from better products and services, but the capitalist mutant advertisement has become has convinced people to keep wasting their lives saving for the next piece of shit they absolutely don't need.

479 days ago
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7 points

I prefer Capitalism for two reasons.

1. Don't like the idea of a government controlling what's supposed to be private.

2. Competition and greed produce better products than government work. Look at government workers... they don't give a shit about making shit better for you, but private corporations will work as hard as they can to keep you as their customer.

479 days ago
- Zeitgeist(18) Disputed
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2 points

1. Socialism is not the government controlling 'what's supposed to be private'. This is rubbish on two counts. One it assumes "stuff that's meant to be private" and wrongly equates it with property. And two, and more importantly, socialism has nothing to do with government control. That is what we call state capitalism. If you have bothered to read anything by the German/Dutch left-communists you would know this.

2. Socialism and Capitalism aren't 'systems of governemnt' you can compare side by side and choose the better one. Socialism is the real expression of working class oppression and the historic tendency toward it's realisation. Go read a book and come back when you have half a brain.

477 days ago
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3 points

You really need to be more specific when you talk about the "German/Dutch left-Communists". Non-Communists have no idea who you would be referring to; I don't even know who you are referring to.

I can, of course, introduce you to Karl Marx; who was explicit in his expectation that the state would play a role in Socialism; then disband at the onset of Communism:

"Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production.

These measures will, of course, be different in different countries.

Nevertheless, in most advanced countries, the following will be pretty generally applicable.

1. Abolition of property in land and application of all rents of land to public purposes.

2. A heavy progressive or graduated income tax.

3. Abolition of all rights of inheritance.

4. Confiscation of the property of all emigrants and rebels.

5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.

6. Centralization of the means of communication and transport in the hands of the state.

7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

8. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.

9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.

10. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc.

When, in the course of development, class distinctions have disappeared, and all production has been concentrated in the hands of a vast association of the whole nation, the public power will lose its political character. Political power, properly so called, is merely the organized power of one class for oppressing another. If the proletariat during its contest with the bourgeoisie is compelled, by the force of circumstances, to organize itself as a class; if, by means of a revolution, it makes itself the ruling class, and, as such, sweeps away by force the old conditions of production, then it will, along with these conditions, have swept away the conditions for the existence of class antagonisms and of classes generally, and will thereby have abolished its own supremacy as a class.

In place of the old bourgeois society, with its classes and class antagonisms, we shall have an association in which the free development of each is the condition for the free development of all."

That sounds like a pretty heavy involvement of the state during the revolution and transition.

476 days ago
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7 points

Though I agree that capitalism is not without its disadvantages, (what is?) I am all for it! A note to all…these disadvantages could be turned into advantages…it all depends on who’s looking at it.

In my mind the advantages far outweigh the so-called disadvantages. Human beings are born with the knowledge that in order to survive one must work right? Only those born with the proverbial silver spoon are able to make it to the top easily and in a short time.

People need incentives at home, work, wherever…people need to believe in something better in order to be a part of something. Capitalism is outwardly consistent as survival requires originality and elasticity to stay abreast with the dynamic changes in supply and demand. (My Economics teacher should be proud…)

Capitalism also encourages large populations which determine a certain degree of diversity…being multi-racial I know!!

479 days ago | Tagged As: Capitalism is outwardly consistent as su
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3 points

Ive been to socialist countries and I prefer capitalism.

479 days ago
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3 points

I am as patriotic as the next guy. However, I am going to set aside all the "Huzzah America".

Fact of the matter is, socialism sounds better. It sounds fair and it sound utopian.

However, it does not work.

Human nature is not perfect or utopian.

Socialism does not factor in the dark side of human nature, such as greed. Capitilism does.

In a Capatilist society, the citizens can be lead by their own wordly desires and pursue their wants.

In a Socialist society, the normal citizens can not. However, the country's leaders; the Mao Zedongs, the Stalins and the Castros can.

Capitilist country's leaders do the same. They follow the dollar to whatever destination it may lead them. However, they are bound by democratic and capitilist restraints.

Socialist society enable the people by promoting corruption.

If a socialist society could be run devinely, then perhaps it could work. But it won't...after all we are all human.

445 days ago | Tagged As: Capitlism Pro
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2 points

Capitalism by far is better. I have been reading other arguments and I agree that Socialism sounds great and looks good on paper but it is unrealistic. Karl Marx said that Socialism is the transition to Communism. We all know how that story ends.

411 days ago | Tagged As: Capitalism
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1 point  

Capitalism. Socialism is an invention of the devil to enslave men.

430 days ago | Tagged As: Capitalism
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1 point  

History has shone that every government that has attempted using Socialism has FAILED. Share the wealth is a load of crap. Why should I give the money that I work hard to earn to a bum with 12 kids that is living completely on wellfare that has never worked a day in his life. Mr.Obama, tell what is fair in that.

-Conserned Conservative

107 days ago | Tagged As: Capitalism
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11 points

Capitalist societies produce a concentration of wealth that proves detrimental to the general population, the economy as a whole, and even the capitalists, the businessmen themselves.

Lassaize-faire Capitalism allows a small number of individuals and businesses to posess, to horde, a large proportion of the wealth and land in a nation; depriving the majority of control over their labor, their lives, and essentially leaving them under the direct control of their employers.

Capitalism, as well, tends to operate irrationally when it comes to human welfare. Happiness, health, art, education, knowledge, science, freedom, family, the environment, religion; these are unquantifiable, non-monetary benefits that tend to be thrown out of the equation due to the difficulty in extracting financial gain out of them. You can, of course, exploit all of these needs; it is extremely unlikely that the system would try to fulfill them.

Basically, the world around us would be shaped only by what is most profitable, or what a small group of people with economic power want.

If it is profitable for an industry to work its people 16 hours a day or more, as well as their children, for enough money to pay for one meal a day then so be it, that is what will happen. If it is more profitable to use a poisonous substance to preserve milk, that is what would be used.

Without regulation, without direction, and without an overriding value that places human needs and human happiness above profit and business we would see a complete deterioration of our people and our society while at the same time a wonderfully prosperous economy. Well, that is, until an economic depression occurs.

Socialist economies of the past, even the worst ones, and socialist economies currently have shown remarkable feats. In the Soviet Union we saw an agrarian kingdom turn into an industrial superpower in decades (in the west it took hundreds of years). Even though the Soviet Union wasn't as productive as the United States its people held a standard of living close to it.

In Cuba, while its Capitalist neighbors suffer through civil wars, famines, crime, corruption, poverty; the red island's standard of living is rather close the United States; the health of its people is actually higher and its literacy rate is enviable.

Europe, while slightly less productive than the United States, maintains the highest standard of living in the world. Its people are healthier, smarter, freer, enjoy paid vacations, benefits; they simply, on average, have it better than the average American.

The trade-off is clear; do you want an extremely productive society with a handful of extremely wealthy people while everyone else remains uncared for or a productive society of a more equal distribution of wealth where the average person enjoys an extremely high standard of living?

It's the difference between a society where a man could, possibly, maybe, become rich but will most likely be relatively poor. Or a society where noone can become rich but everyone is well-off.

480 days ago
- HGrey87(737) Supported
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5 points

"Basically, the world around us would be shaped only by what is most profitable, or what a small group of people with economic power want...

"Without regulation, without direction, and without an overriding value that places human needs and human happiness above profit and business we would see a complete deterioration of our people and our society while at the same time a wonderfully prosperous economy."

What's this "Would" business? You're demonstrably right; This perfectly describes what's going on in the US right now. Though you very well might have meant that... Just thought I'd say it outright in my usual heavy-handed style :-P

But yes, I agree with you on 100% of your argument.

479 days ago
- AngeloDeOrva(272) Supported
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3 points

Well, I should clarify by saying that the United States isn't Capitalist anymore, it is a Mixed-Market economy. So while we still have a huge amount of political influence and control going to economic interests (businessmen and businesses) there are protections and buffers against that power. We the people can still vote, still have a say in the way our country is governed; we still have common Democratic power to shape our nation and its policies. We can, through the vote, force companies to do something or not do something, we can take money away from businesses and put them into social projects. In a purely Capitalist society this would not be able to occur.

In a pure Capitalist society; there wouldn't be any vote-buying, any lobbying, any corruption. The government would be under direct control of, or have little to no power over the business world. Meaning, we would literally have a government (or society governed by) Mcdonalds, IBM, and Wal-Mart.

479 days ago
- Cdelvalle(190) Disputed
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5 points

To say that the health of europeans is due to a socialist society is pure fallacy.

The health of that nation is directly correlated to the foods they eat and the way their countries infrastructure is structured. In the states, people generally walk less and eat food of poorer qualiy. that's because alot of people live out in the burbs.

Also to say a capitalist society would put poison to preserve milk is silly. Maybe they'd do that at first. But once the population starts dying they'd realize that it may not become profitable to be known as the milk producer who poisons their milk.

I get what you're saying. Pure capitalists will sometimes cut corners to lower costs. But this is something you see more in a communist society like China, rather than anywere in the US. And if anything,the chinese society models socialism more so than capitalism.

Oh - and Cuba having a standard of living 'close' to ours? What's your definition of 'close' a million miles away? Up until recently they weren't allowed to have cell phones or internet. They also aren't allowed to show any type of dissent without being tured in. Doesn't sound close to us at all.

As far as Europe is concerned, I have no argument. I agree that Europe did alot of good things to help their citizens over the years. But now that entitlement spending is ballooning and their society is aging, you'll see changes to the way they are structured.

While i don't agree with unrestricted capitalism, I do feel capitalism - such as the type we have here in the states - is a MUCH better way to spread out a limited number of goods and resources over an entire society.

477 days ago
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4 points

As for Cuba:

Let's compare some facts between the United States and Cuba, shall we?

Prison rate per capita:

Cuba: 3.6 per 100,000 people

United States: 5 per 100,000

http://www.visionofhumanity.org/gpi/home.php

The U.S. government may not have a dozen "political prisoners" under lock and key, but it has tortured foreign and American prisoners:

http://www.nytimes.com/2006/12/18/world/ middleeast/18justice.html

By the way, many of those political prisoners are paid American government agents; taking money from our government to destabilize and overthrow Cuba's government.

http://writ.news.findlaw.com/mariner/20010625.html

By the way, if I was receiving money from Chinese agents, or any country for that matter, with the express purpose of undermining the U.S. government I would be in jail as well.

Secondly; I suppose they don't have cell-phones and little access to the internet (though the new, Communist leader Raul Castro is lifting those restrictions), the Cuban government hasn't killed hundreds of thousands of people overseas. A nice trade-off; I would say. Then again; it's typically American to cherish material goods over human life; your laptop is much more important than the life of an Arab or other foreigner.

Of course, dissent is also perfectly allowed in Cuba; perhaps not as voraciously as in the United States, but the idea that Cuba is a repressive, tyrannical dictatorship isn't well-founded. Here's an account from people that visited the country in the 90s (things have only improved since then):

http://chronicle.uchicago.edu/960411/lessons.shtml

I might add that cell-phone and internet access isn't widespread with many of Cuba's neighbors; a comparison with them will come later though.

Here's a few other comparisons to the United States:

Literacy rate:

United States: 99%

Cuba: 99.8%

That's right, Cuba has a slightly higher literacy rate.

Life expectancy:

United States: Male:75 Female:80.4

Cuba: Male: 76.4 Female 79.9

http://online.wsj.com/public/resources/documents/info-unbk0609-06.html

So, about the same. According to some statistics the United States is slightly higher (by a point and a half or so). Either way, Cuba, a third world Socialist state is comparable, if not slightly better than the richest nation on earth in terms of life expectancy.

Infant Mortality:

United States: 6.3 deaths per 1,000 live births

Cuba: 5.93 deaths per 1,000 live births

Again, a third world country beats the richest nation on earth in protection of its own babies.

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

https://www.cia.gov/library/publications/the-world-factbook/geos/cu.html

As for their eating habits; they are eating quite well; organically even. This socialist state survived having all of its trading partners disappear; all of its oil dry up, and its food supply cut off. Could the United States see so much economic upheaval and come out ahead, the same as before? Without a global war, perhaps not.

http://www.harpers.org/archive/2005/04/0080501

In fact, Cuba is being seen as a leader and model for other nations; its success is being studied heavily.

http://www.organicconsumers.org/OFGU/cuba010405.cfm

Take a look at other figures here at MSN Encarta:

http://encarta.msn.com/fact_631504750/cuba_facts_and_figures.html

Compare Cuba with the United States and other nations. Sure; Cuba doesn't have as many televisions and internet connections as the United States; but compare Cuba with its neighbors; other third and second world countries with similar circumstances but Capitalist economies. You'll find Cuba fairs equal or better than nearly all of its neighbors in nearly even respect; it is certainly the top of the heap in terms of third world nations and it gives many first world nations a run for their money.

Again, this is coming from a Communist third world nation with minimal land, resources, friends, and military might.

Makes ya think, doesn't it?

477 days ago
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2 points

"The health of that nation is directly correlated to the foods they eat and the way their countries infrastructure is structured. In the states, people generally walk less and eat food of poorer quality. that's because alot of people live out in the burbs."

Eating habits certainly have an impact on health, but much of those eating habits are influenced by public programs on nutritional education and information through the healthcare system, the schools, and the media outlets.

Here are some interesting statistics that might gum up your point of view:

Top healthiest nations (in order, 2006)/Obesity rate rank

Hong Kong: n/a

Japan: #28

Sweden: #21

Australia: #6

Israel: n/a

Switzerland: #27

Canada: #11

Norway: #26

New Zealand: #7

Italy: #25

UAE: n/a

Austria: #24

U.K.: #3

France: #23

Cuba: n/a

Spain: #12

Costa Rica: n/a

Belgium: #19

Sources:

http://online.wsj.com/public/resources/documents/info-unbk0609-06.html

http://www.nationmaster.com/graph/hea_obe-health-obesity

As you can see, most of the nations in the list of the top healthiest countries in the world are also towards the top (or even in the top ten to twenty) of the world's most obese nations.

The thing that all of them have the most in common is a universal healthcare system. (Some of them go about it in different ways, such as mandating government insurance, setting prices if private hospitals are the main source of healthcare, or forcing all hospitals to be non-profit.).

'll deal with your other arguments later, but at this time I think I've shown that your belief that diet is what has made these nations the healthiest on earth is pretty much bunk.

(and, I would like to point out to you that even though the United States isn't in the top spot for healthiest nations, evil Cuba is.)

477 days ago
- Inkwell(321) Disputed
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3 points

wow! where to start?

Capitalism may operate schizophrenically where it comes to human welfare but it is anything but irrational or indifferent. Socialism seemingly is always accompanied by a draconian form of totalitarian dictatorship. Every capitalist society I can think of puts limits on the Capitalist. While it took time, the US now has child labor laws, minimum wages, OSHA, and a whole hierarchy of limitations on pure capitalist free market industrial hell. Art, freedom, the family, religion, all thrive in a capitalist environment and wither in a pure socialist environment. Tired of the US as the example? Compare Sparta and Athens. Everything credited to the Greeks and the Hellenistic era is 100% Athens and 0% Sparta. Sparta took kids from their family to train as soldiers. Weak ones were abandoned in the wilderness. Their idea of art was a bronze spearhead. And many consider this the most pure example of true socialism on a large scale.

Your paragraph that begins "without regulation" is a screaming outrage. Capitalism to date has always evolved to more regulations and less free market extreme. Because it is NOT prone to totalitarianism and dictatorships, it has a chance to evolve. Dictators rarely let their subjects evolve towards more freedom and their nation towards a more free market.

Capitalism is forced by the market to consider non quantitative elements that affect profitability. Your examples are ludicrous. If a dairy farmer used poison in his milk, he would exterminate his market. How is that profitable? The free market takes into account human nature and some philosophical impact on profitability. Whether you lean towards Bentham's pain/pleasure propinquity or Buber's personalism, there are aspects of the equation to maximizing profit that are not obviously reflected in numbers on an income and expense sheet; If there weren't, why would accountants have a category such as good will?

The efficiencies of the soviet union lied more in the totalitarian government than in socialism. Stalin abused the people you say socialism protects in order to industrialize. How many tens of millions of citizens died in order to advance the good of the people? DO you REALLY want to compare that with the abuses which occurred here as the US industrialized? The excesses of the Robber Barons led to reform. Did Stalin's excesses lead to reforms to protect the worker? Hell no! The Pyramids were built by slaves. VERY efficient. Is that efficiency enough of an argument to return to slavery?

I was in the Soviet Union in the decade before the wall came down. The trains were amazingly prompt. You think that is efficient? So efficient that stores had shelves over 50% empty. Classless society? I stayed an a magnificent hotel which normal Soviet citizens were not allowed in. Freedom? The "key lady" on my floor asked me the first time I returned to my room how much it would take to buy my blue jeans, the ones on the bottom of my zipped up suitcase. Human Welfare? No one on bus or train would look up from the floor and certainly not meet my eye. Unless you were there, please don't insult millions and millions of Soviet citizens by saying they were relatively well off as you do in your summation.

As for Europe, on the whole they are no more or less socialist than the US is. All the Western democracies have aspects of socialism and capitalism co-existing.

Cuba? Why have so many Cubans risked life and limb to come to America and so few, if any Americans are fighting to move to Cuba?

in short if you want to discuss theoretical capitalism and theoretical socialism, have fun. But in the real world, the examples are clear, capitalism leads to a better state of affairs for the most people. Let Bentham work out the equation for you.

422 days ago | Tagged As: Capitalism
- wncaballero(5) Disputed
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0 points

I disagree.

The leaders of those countries, how do they live?

Not nearly as meager as you describe.

Hence, if the leaders are living better than the common man?

How is everything equal?

445 days ago | Tagged As: Capitlism Pro
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0 points

None of this has anything to do with what I've said or what my arguments are. I have no idea what you are talking about.

442 days ago
+ Zeitgeist(18) Disputed
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-3 points
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2 points

Socialism is the good, IF and only IF it is properly carried out, if the people at the early stages are even the slightest bit corrupt then you can kiss it goodbye. Since a good socialism is almost completely out of the picture at this point, however, I am perfectly fine living in my capitalist society…

My favorite working model so far is the kind like they use in northern Europe, with a capitalism under-structure but many facets of life socialized, which, for the most part, is the "best of both worlds"

472 days ago | Tagged As: Both
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2 points

Okay, I see a lot of cut and paste on here to make an argument on both sides. I'm gonna just say it the way I see it. Capitalism originally would of worked if it wasn't for Greed. The CEO's and Share-holders had sold out their own American brother.

Corporation CEO's and Shareholders control;

- your salary

- what you can wear and not wear

- what your appearance should be

- how long you can take lunch or even take a break

- your vacation leave

- if you deserve bonuses/incentives

- your benefits

- annual raises

- credit rating

- the type of car you can afford

- the type of home you can qualify for

- and basically control your fate to loose everything

You’re a modern day slave. So why all the paranoia about Socialism? I think some people are mistaken the word Socialism with State Capitalism.

Capitalism was working until GREED and CORRUPTION began to take over. I can't see it repairing itself unless there is government oversight or socialism to be introduced to spread the wealth.

67 days ago | Tagged As: Socialism
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1 point  

Extremes of either Capitalism or Socialism can run into problems. Since the current economic depression was caused by out-of-control Capitalism and "fixing" the problem within a capitalistic framework is going to cause "pain" - such as job losses, along with loss of basic support for food, housing and health insurance - I must side with Socialism which would provide basic support for everyone, even when jobs are scarce.

I personally believe that capitalism got out-of-control because we allowed private interests to concentrate wealth and power into the hands of a few people. This provided them with the means to unduely influence our elected officials. After using their wealth to run advertisements (or even buy the media) they could also unduely influence us and sway the public as a whole.

When wealth is concentrated to the point where those who have it cannot find productive investments, they start gambling. Rather than gamble in casinos, they gamble with the stock market. They invest heavily in one sector of the market - causing prices to rise, and kicking off a bubble in that sector. When the bubble approaches the top, they sell of their assets, causing prices to drop and bursting the bubble. Since the last people into the market are usually middle-class investors with limited time and experience, they don't realize how the bubble was created (or that there even is a bubble). They also lack the time and expertise to properly evaluate the market so as to leave with a minimum of loss. Instead, they are the ones who lose their hard-earned wealth to those from whom they bought their investments. This is nothing more than fraud.

151 days ago | Tagged As: Socialism
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0 points

I don't really have a lot of time, I'll be quick.

IF

BUSINESS<HUMANITY

THEN

CAPITALISM<SOCIALISM

OR IF

HUMANITY<BUSINESS

THEN

SOCIALISM<CAPITALISM

I love humanity.

476 days ago
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1 point  

Socialism has been branded as a "moral" system, but only in advertisement. Indeed, there have been attempts to brand capitalism with some ethical foundation (I think it is the fairer and more democratic for example) but with less success. Ultimately though, it is fallacy to judge them based on how they've been branded because the systems themselves are detached from subjective meaning. Socialism is about centralization and the public sector (state owned), and capitalism is about decentralization and the private sector (people owned). The reason it should be looked at objectively is because anyone can do what you did and get different results. EX. Collectivism < Individualism = Capitalism, or Coercion < Self Determination = Capitalism etc.

Socialism is truly a road paved with good intentions. It is a system based on ethical assumptions instead of empirical data, which is why Bono and his UN economist friend Jeffery Sachs (who is no right-winger) and along with all the most community, advocate liberalization to eliminate poverty like it has in India, China, Bolivia, and Poland. Sachs also advised reforms in Russia, for example, but they failed because of a corrupt reluctance to decentralize government, further illustrating the failings of socialist and protectionist economies which have historically always failed.

So, myself - I support capitalism because I feel it is not only the more philosophically just economy, but also because the productivity it unleashes is the only known way to raise the tide and the living standards of the population. I think its rather niave and superficial (and romantic) to reject capitalism, particularly when its raised so many people out of poverty when implemented correctly, provided radically new innovations that continue to benefited us, and has generally made places with capitalism freer, more democratic, and wealthier. Ironically, mostly wealthy western democrats and dictators are socialists anymore.

473 days ago
- sundril(6) Supported
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3 points

I agree with you, and the general attraction to the freedom in USA was based on our democracy..the chance for a better future. The Democrat party leans toward socialism, and in theory, the Republicans toward capitalism.

It amazes me though to see the wealthy leaning toward socialism and more and more of it filtering into our country..Social Security, Medicare, and maybe Universal Health care in our near future. The problem is with our middle (and upper middle) class who work 46 weeks/yr (avg), 30-50 years until retirement and are taxed hardest to "share".

442 days ago
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0 points

Every Socialist economy has "always failed"? According to what standards? According to what measurements? What is "failure"?

Was the Soviet Union a failure? By all accounts, even though its economy was marginally less productive than the West's, its people enjoyed a standard of living in parity with "Capitalist" west. Not only that, but the Soviet Union had an extremely late start; industrialization had taken hold in the United States and Britain hundreds of years before the peasantry in the USSR had traded their plows for wrenches.

Is Cuba a failure? Despite economic catastrophe when all of its major trading partners disappeared, almost over night; its people's standard of living are in parity with those of the United States and countries with gargantuan economic systems.

The more Socialist Euro-nations economies develop at a slightly slower rate than the United State's, but their people are healthier happier, better educated, and enjoy greater benefits than those in the United States.

The United States' economy itself has only increased in Socialization, in government control, since the 1930s, yet its economy has developed fantastically since that time and its people have become remarkably prosperous.

Lastly; if the society was a Democratic Socialist Centralized economy it would be far more "people owned" than a Capitalist economy. The whole of the population would have a say in how the economy is run, not a handful of wealthy businessmen and landlords.

Of course; that's only if you implement a society based on centralized principles instead of a decentralized cooperative economy. The USSR, Cuba, and Maoist China, among others, used only a brand of Socialism; an extremely militaristic Centralized brand. It is, of course, good for some situations but has some extreme defects.

In most cases, the failures of Socialism in the past can be laid at the feet of those nations which buck Democracy and turn to Totalitarianism. Of course, we'd have more examples of democratic Socialism had it not been for U.S. intervention in Latin America and the USSR's policy towards events like the "Prague Spring".

Hugo Chavez, though, a Democratic Socialist, has certainly improved Venezuela's situation. The Venezuelan people's standard of living has increased significantly since his presidency began and will, hopefully, continue to do so.

473 days ago
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