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Socialism vs Capitalism

Which economic system do you prefer and why?

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Bucky

Bucky

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Which system do you prefer and why?
 
Bucky said:
Which system do you prefer and why?
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Define socialism and capitalism please, seeing as how the words have been vastly distorted over time.
 
Fledermaus said:
Capitalism.

"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries."

Winston Churchill
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Let me see now. Ah yes! Wasn't Churchill a right, white, Christian, rich guy? No bias there, or not?
 
Fledermaus said:
Annnnnnnnnnnnnnnnnnnnnnnnnnnd?

That negates the statement how exactly?
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leaders who push socialism spend much time railing about the rich elites who became rich elites through capitalism, when in reality those who are pushing socialism want to become rich elites without doing anything useful unlike the capitalists
 
There is no such thing as pure Capitalism in any nation in the world.
Pure Socialism, in which the means of production and distribution is entirely decided by society as a whole is also not practiced anywhere that I've ever heard of.

Every national economic system is some trade-off or balance between the two systems.

Worker rights, consumer safety laws, regulations on industry, those are all products of socialism.
Pricing and wages based on a free market, the opportunity to risk capital on a private economic venture is capitalism.

The interesting discussion is where we draw the lines between the two.
 
"Capitalism is a dog-eat-dog system. However, with most other alternatives, the dog starves." - S. Andrew Swann
 
Bucky said:
Which system do you prefer and why?
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I prefer the current system we have now: Social-capitalism.

It's a blend of both, and I'm fine with that, but I'd prefer a slight tweak more towards the social end of the continuum, specifically to universal single-payer/private provider healthcare, like that of Medicare/Medicaid.

I'm a committed capitalist, but realize capitalism must be practiced with social restraint.

Our economic system is a man-made creation, a tool of society, and it's our job as a society to ensure this tool benefits us as a whole. We can't bring everyone along, there's always going to be stragglers at the fringes, but we need to allow opportunity for the great many.
 
Gathomas88 said:
"Capitalism is a dog-eat-dog system. However, with most other alternatives, the dog starves." - S. Andrew Swann
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Great line I never heard before! :thumbs:

Thank you for that.

That's why capitalism needs to be tempered with social restraint & social constraint!

An inherent feature of capitalism is failure; some concerns must fail. Survival of the fittest, if you will! But do we want people to fail as an inherent feature of our society? No!

Which is why pure capitalism is unacceptable.
 
Chomsky said:
Great line I never heard before! :thumbs:

Thank you for that.

That's why capitalism needs to be tempered with social restraint & social constraint!

An inherent feature of capitalism is failure; some concerns must fail. Survival of the fittest, if you will! But do we want people to fail as an inherent feature of our society? No!

Which is why pure capitalism is unacceptable.
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We have a mainstream presidential candidate that identifies as a socialist. Assume Bernie Sanders becomes President. During his presidency if Scalia and Kennedy retire or die, it shifts the balance of power to the left.

Would you accept the socialist policies that Sanders would push?
 
Bucky said:
Which system do you prefer and why?
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(cough)

Material+wealth+is+tool+of+enemy+give+it+to+_4bdd587f597e8af7b7c62035fdf56324.jpg
 
Bucky said:
We have a mainstream presidential candidate that identifies as a socialist. Assume Bernie Sanders becomes President. During his presidency if Scalia and Kennedy retire or die, it shifts the balance of power to the left.

Would you accept the socialist policies that Sanders would push?
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I'm not sure what relevance this has to my post?
 
Why would you mix a bad system with a good system? I never understood the logic of hey, socialism is bad, but if we just enact some of it then it's all good.
 
Chomsky said:
Great line I never heard before! :thumbs:

Thank you for that.

That's why capitalism needs to be tempered with social restraint & social constraint!

An inherent feature of capitalism is failure; some concerns must fail. Survival of the fittest, if you will! But do we want people to fail as an inherent feature of our society? No!

Which is why pure capitalism is unacceptable.
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So life is unacceptable?
 
Henrin said:
Why would you mix a bad system with a good system? I never understood the logic of hey, socialism is bad, but if we just enact some of it then it's all good.
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Because unregulated capitalism would fail. At the least, it would be taken over by a state that's socialist enough to have an army.
 
spud_meister said:
Because unregulated capitalism would fail. At the least, it would be taken over by a state that's socialist enough to have an army.
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That's not really a shining endorsement of socialism. :lol:
 
Socialism. The community identity also satisfies self-interests.
 
sookster said:
Socialism. The community identity also satisfies self-interests.
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If your interests are similar to the interests of the community.
 
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