View Poll Results: Which system is best?

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  • Captialism

    35 58.33%
  • Socialism

    4 6.67%
  • Communism

    3 5.00%
  • other

    18 30.00%
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Thread: Which economic system is the best to you?

  1. #111
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    Re: Which economic system is the best to you?

    Quote Originally Posted by Mithros View Post
    Pure capitalism fails just like pure socialism fails. The best economy is an intelligently regulated and incentivised economy that rewards innovation and provides a strong safety net.
    capitalism only fails when a large portion of the population is getting paid to sit at home and do nothing

  2. #112
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    Re: Which economic system is the best to you?

    Quote Originally Posted by Rocketman View Post
    capitalism only fails when a large portion of the population is getting paid to sit at home and do nothing
    Really? There are two pretty glaring faults with this statement.
    1). Under Capitalism, people don't get paid to sit at home and do nothing.
    2). Laissez-faire economics fails because unfettered capitalism destroys competition.

  3. #113
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    Re: Which economic system is the best to you?

    Quote Originally Posted by Mithros View Post
    Really? There are two pretty glaring faults with this statement.
    1). Under Capitalism, people don't get paid to sit at home and do nothing.
    2). Laissez-faire economics fails because unfettered capitalism destroys competition.
    Competition is only destroyed when Presidents like FDR set legislation like NRA that favors larger business while killing small new innovators.

    99 weeks of unemployment benefits will destroy capitalism every time.

  4. #114
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    Re: Which economic system is the best to you?

    Quote Originally Posted by Federalist View Post
    I espouse laws that protect and defend the person and property of the citizen. I'm not sure why you anticipate that this would be destructive.
    You can dodge that all you want but it won't change the simple fact that unfettered, unrestricted capitalism is destructive to it's society.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  5. #115
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    Re: Which economic system is the best to you?

    Quote Originally Posted by Federalist View Post
    My point was that under a capitalist system any person who chooses to can hold capital, due primarily to the existence of joint stock companies. Even a person of modest means can own some capital.
    How naive. As usual, your statements are rife with unspoken assumptions. In this case, you're assuming the people that control the companies will share the wealth. I wouldn't count on that when insider trading and other ways of gaming the system are no longer crimes.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  6. #116
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    Re: Which economic system is the best to you?

    Quote Originally Posted by MoSurveyor View Post
    How naive. As usual, your statements are rife with unspoken assumptions. In this case, you're assuming the people that control the companies will share the wealth. I wouldn't count on that when insider trading and other ways of gaming the system are no longer crimes.
    Insider trading being illegal distorts the price of stock.

  7. #117
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    Re: Which economic system is the best to you?

    Quote Originally Posted by MoSurveyor View Post
    You can dodge that all you want but it won't change the simple fact that unfettered, unrestricted capitalism is destructive to it's society.
    Voluntary exchange in an environment of secure property rights is beneficial, not destructive. Free exchange bounded by property rights allows people to use their means to achieve their most desired ends. Any interference prevents this, and is destructive.

  8. #118
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    Re: Which economic system is the best to you?

    Quote Originally Posted by MoSurveyor View Post
    How naive. As usual, your statements are rife with unspoken assumptions. In this case, you're assuming the people that control the companies will share the wealth. I wouldn't count on that when insider trading and other ways of gaming the system are no longer crimes.
    It's a fact. A shareholder of a joint stock company is an owner in that company, and thus owns means of production.

  9. #119
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    Re: Which economic system is the best to you?

    Quote Originally Posted by scatt View Post
    Insider trading being illegal distorts the price of stock.
    And if it were legal the rich get richer - even more so than they do now.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  10. #120
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    Re: Which economic system is the best to you?

    Quote Originally Posted by Federalist View Post
    Voluntary exchange in an environment of secure property rights is beneficial, not destructive. Free exchange bounded by property rights allows people to use their means to achieve their most desired ends. Any interference prevents this, and is destructive.
    And the ones that get even a tiny bit ahead at the start never loose their lead, they just continue pulling away from the pack as they use their power to acquire even more money. Do you honestly believe that 20% owns 80% because it was legislated to them??? Quit being silly. Capitalism needs controls or it runs amok and destroys it's society.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

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