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Debate Score:59
Arguments:48
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 What economic system do you feel works best and why? (Capitalism, Socialism, etc.) (48)

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What economic system do you feel works best and why? (Capitalism, Socialism, etc.)

Capitalism, Socialism, Communism, Marxism, Anarchy, etc.

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2 points

I don't see any single system as being effective enough to use alone. Capitalism is great for trading products and using competition to drive innovation on things, but fails miserably as a social tool. Communism is great for trying to prevent classes and attempting to provide for needs, but because it relies on government for this it ends in a top-heavy system. Socialism is fairly good all-around but it has some invasive qualities because of all the bureaucracy.

I think a good economic system would use capitalism to manage the exchange of goods, socialism to redistribute wealth so that there is less disparity between incomes and social programs provided by the state, with government and union oversight to prevent worker and consumer abuse.

3 years ago | Side: Hybrid
1 point

Capitalism. Supply and demand is what drives the economy. Any perversion of this is a hindrance to the market.

http://en.wikipedia.org/wiki/Capitalism

http://mises.org/

http://en.wikipedia.org/wiki/Austrian_School

3 years ago | Side: Capitalism
aveskde(1901) Disputed
2 points

Capitalism. Supply and demand is what drives the economy. Any perversion of this is a hindrance to the market.

That's a bit like saying "Islam. Any perversion of this is a hindrance to Allah."

Capitalism creates its own kind of market. The others have a different sort of market, or none at all.

3 years ago | Side: What economic system do you feel works best and why? (Capitalism, Socialism, etc.)
ryuukyuzo(594) Disputed
1 point

Yeah, except supply/demand is a proven phenomenon whereas Allah is fictitious, so there's no comparison here. The fact that you would even make such a nonequivalent analogy tells me you're not arguing from any logical position, but rather out of petty spite.

Capitalism is what has emerged from exchange. It's the evolution of the market, not the Islam. Statism, in any form, is the magical sky daddy ideology.

3 years ago | Side: Capitalism

Labels get in way, so let me give you the idea in a nutshell.

An economic system where the efficiency of our technology allows for economies of scale to be overcame, so every person can actually own stuff: particularly productive machines. Then the few things that shouldn't or can't be owned individually by everyone should be owned in a cooperative fashion, like natural resources. This brings the entire supply and demand equation down to raw resources, which tend to be in abundance(mostly eliminating the current basis of our current economy: ie scarcity).

3 years ago | Side: Self-Interest

I would say capitalism. The private competition between businesses stimulates the economy.

http://en.wikipedia.org/wiki/Capitalism

3 years ago | Side: Capitalism
1 point

Everyone who says capitalism is ALWAYS American. Brainwashing obviously has nothing to do with this. They have no idea of what socialism or communism is.

The best economic system is a system where everyone has a job, enough money, easy and equal access to health, education, good security etc. etc. Capitalism will NEVER provide this. Socialism is the closest and (so far) the most effective and succesful out of all the other systems.

3 years ago | Side: What economic system do you feel works best and why? (Capitalism, Socialism, etc.)

This goes without being the obvious. The wealthiest countries in the world are those with freedom and liberty. Capitalism.

3 years ago | Side: What economic system do you feel works best and why? (Capitalism, Socialism, etc.)
aveskde(1901) Disputed
2 points

This goes without being the obvious. The wealthiest countries in the world are those with freedom and liberty. Capitalism.

As I understand it, countries like Sweden and Norway are more free than the US and they are not purely capitalist.

3 years ago | Side: Hybrid
1 point

As I understand it, countries like Sweden and Norway are more free than the US and they are not purely capitalist.

Seriously, Sweden and Norway are just as capitalist as the United States except that Sweden and Norway have more social programs paid by taxes. That is hardly freedom and liberty. That is redistribution of wealth.

Sweden is the most taxed country in the world while Norway is the 7th most taxed country in the world in overall tax burden. Tax

The simple explanation is the difference in opinion of economic freedom.

As with freedom generally, there are various definitions, but no universally accepted concept of economic freedom. One major approach to economic freedom comes from classical liberal and libertarian traditions emphasizing free markets and private property, while another extends the welfare economics study of individual choice, with greater economic freedom coming from a "larger" set of possible choices.

3 years ago | Side: What economic system do you feel works best and why? (Capitalism, Socialism, etc.)
hersey(5) Disputed
1 point

Let's take the example of the United States of America; powerful and capitalistic, but only at times. During the Great Depression, FDR had to institue socialist measures in his "New Deal", such as rebuilding of publicly-owned property to create jobs. Without this act of socialism in the economy, who knows how long and to what extent the Great Depression would have extended. Currently, the United States is in extreme economic turmoil, because of the capitalism that let banks exploit people. If there had been regulation, as happens in socialisitic economies, then there would not be such a problem. Without NAFTA, there would be 800,000 more high-end industrial jobs in the US, as it is they are in Mexico, because there are no regulations. Socialism is needed, at least to an extent.

3 years ago | Side: Hybrid
torched888(20) Disputed
1 point

that is false.we have that and we are a trillions $'s in debt

3 years ago | Side: What economic system do you feel works best and why? (Capitalism, Socialism, etc.)
0 points

Capitalism has proven to be the most productive sort of economy. Communism failed trying to supply itself and as for socialism, China, the leading socialist economy is rising, but still the US more than doubles its income despite less than 1/3 the population.

3 years ago | Side: Capitalism
casper3912(1553) Disputed
1 point

You do recognize that china, ussr etc didn't put into practice communist theory and that propaganda from both sides of the Atlantic during the cold war stole the labels and transfigured them into something horrid. Communism is basically a large surplus producing band society and band societies are the simplest social group(basically the family) that can be found the world over, actually this is called by some "primitive communism".

The examples of communism most people know are really Totalitarianism, the communist manifesto talks about a form of government where at least 95% of the population is in control. I could continue with the differences,The main reason people don't actually know is because the red star, anti-capitalism etc made for a good ideology to use as propaganda.

Also there are such things as market-socialism and you may be surprise to find that all anarchists are socialists, except for anarcho-capitalists but pretty much all other anarchists would claim that they don't understand the power structure of capitalism and are really not anarchists.

3 years ago | Side: What economic system do you feel works best and why? (Capitalism, Socialism, etc.)


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