View Poll Results: Which do you Prefer

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  • A purely Socialist economy

    5 6.25%
  • An economy with more Socialism then Capitalism

    10 12.50%
  • An economy with equal Socialist and Capitalist ideas

    12 15.00%
  • An economy with more Capitalism then Socialism

    34 42.50%
  • A purely Capitalist society

    19 23.75%
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Thread: Socialism vs. Capitalism

  1. #21
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    Harry Guerrilla's Avatar
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by CriticalThought View Post
    That is a naive assumption. Of course corporations exist because of government. For an economy to develop beyond a barter system it needs some form of government oversight. Even within a barter system, people can get pretty steamed if they get traded bad products and so oversight of the market naturally evolves. Merchants get together and pick impartial people to judge whether deals are fair. Regulation is created by the market, not in spite of it.
    Not to the size and extreme that they currently exist.

    Big corporations love regulation because it excludes smaller competitors and they get to help write those laws.
    When you ask for more intense regulation, you're asking to be hustled.
    The big capitalists hate capitalism, it forces them to compete.

    Basic contractual and criminal rules that apply equally are good regulations.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  2. #22
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by Harry Guerrilla View Post
    Not to the size and extreme that they currently exist.

    Big corporations love regulation because it excludes smaller competitors and they get to help write those laws.
    When you ask for more intense regulation, you're asking to be hustled.
    The big capitalists hate capitalism, it forces them to compete.

    Basic contractual and criminal rules that apply equally are good regulations.
    This is exactly right. Large corporations use campaign donations to get lawmakers in their pockets and write laws favorable to the large corporations. Such laws can favor corporations over consumers or smaller upstarts competing with the established corporations.

    Also, lawmakers can make government contracts with the large corporations who donate to them. This leads to a system of corporate welfare in which businesses and industries are reliant upon government contracts to earn a profit.

  3. #23
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    CriticalThought's Avatar
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by samsmart View Post
    So I can't even vote on any of the options in the poll. It's not just a matter of how much socialism or capitalism is applied in a country's economy but also to which aspects of a country's economy are socialism and capitalism applied.
    I agree. I think the ideologies are flawed. In reality, the moment a system is put in place, someone will figure out a way to exploit it to their advantage. We have seen that with capitalism, socialism, and mixed economies. The best system will always be a fluid system, in which regulation can change and be adjusted as needed, but the degree to which even this can be exploited is dependent upon how aware and educated the public is. The recent recession is indicative of how adjustable regulation can be disastrous if it is done via ideology rather than through calculation. I don't think I will ever forget Greenspan admitting he made a mistake by assuming that the self interest of the banks would be enough to protect the equity and shareholders. Free market ideology has no place outside of an Economics classroom. What would work in a perfect world, with all the parameters defined and respected, is not what happens in a reality where people will find a way to exploit any system for their own personal benefit.

  4. #24
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by CriticalThought View Post
    I agree. I think the ideologies are flawed. In reality, the moment a system is put in place, someone will figure out a way to exploit it to their advantage. We have seen that with capitalism, socialism, and mixed economies. The best system will always be a fluid system, in which regulation can change and be adjusted as needed, but the degree to which even this can be exploited is dependent upon how aware and educated the public is. The recent recession is indicative of how adjustable regulation can be disastrous if it is done via ideology rather than through calculation. I don't think I will ever forget Greenspan admitting he made a mistake by assuming that the self interest of the banks would be enough to protect the equity and shareholders. Free market ideology has no place outside of an Economics classroom. What would work in a perfect world, with all the parameters defined and respected, is not what happens in a reality where people will find a way to exploit any system for their own personal benefit.
    This is probably the best comment on how economic systems realistically work that I have ever read.

  5. #25
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by Harry Guerrilla View Post
    Not to the size and extreme that they currently exist.

    Big corporations love regulation because it excludes smaller competitors and they get to help write those laws.
    When you ask for more intense regulation, you're asking to be hustled.
    The big capitalists hate capitalism, it forces them to compete.

    Basic contractual and criminal rules that apply equally are good regulations.
    Without a doubt. Big corporations can use the government to craft regulation that is very favorable to them. The problem is you can't blame big corporations entirely on government involvement. Nothing is that simple. Sometimes it is the lack of government involvement that gives them the edge. Even if you had a basic set of contractual and criminal rules, big corporations would still emerge, because all corporations really have to do is merge with some of the competition. That has nothing to do with the government or regulation, and many smaller corporations gain competitive advantage through this form of cooperation. One of the flaws is that we allow the corporations to do this to the point that their influence becomes too strong in the government and they become too big to let fail.

  6. #26
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    Re: Socialism vs. Capitalism

    A balance between the two that works for almost all of the people, so, as usual - no vote.. No system will be effective for 100% of the people, so the economic system will have to be in a state of flux, constantly changing. Our health care is not nearly as socialistic as it should be..For people to profit from man's ill fortune is not right.

  7. #27
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    Re: Socialism vs. Capitalism

    I voted an economy with more Capitalism than Socialism and I mean ALOT MORE capitalism, my reasoning is simple, its become impossible to ever have a totallly capitalist society.

    We all know or should that an entirely socialized society will fail, they always have. If everyone worked for the Govt that means the Govt giveth and the govt taketh back, therefore perpetuating itself, making everyone equal and govt all powerful...thats just not for me not now not ever.

  8. #28
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by Politics101 View Post
    This poll is deceiving because you cannot have a socialist government and capitalist government working together as a single body. It's either socialism or capitalism, there is no idealist 'perfect' world where socialism and capitalism can work together under the same government.
    Socialism and capitalism have been working quite well in our nation, despite the political party of no, for many years.
    Perfect?
    Far from it, we must keep on working at it, those who care about their nation, anyway, the conservatives...I do not know about.

  9. #29
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by CriticalThought View Post
    The whole Capitalism versus Socialism debate is absurd and I think only really ignorant people take part in it. In the modern global market, a mixed economy is essential to survival. I can't believe that there are people out there who still hold the elementary school conception that China is a communist country and the United States is a capitalist country. There are very few nations on this planet that don't have a heavily regulated capitalistic system in place. The debate is no longer about whether or not there should be regulation, but how much regulation there should be. This I totally agree with, the last few sentences..
    This post is being assigned the opposite of a "thanks".
    People who know of and practice civility and respect should be the only debaters or emoters, since I see little actual debate here.

  10. #30
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    Re: Socialism vs. Capitalism

    Quote Originally Posted by earthworm View Post
    Socialism and capitalism have been working quite well in our nation, despite the political party of no, for many years.
    Perfect?
    Far from it, we must keep on working at it, those who care about their nation, anyway, the conservatives...I do not know about.
    Providing Police and Fire protections and road and infrastructure improvements are govts role, Protecting the nation <military> is govts role.....keeping its citizens from starving and malais and disasters is the govts role...
    Buying Car Companies, bank takeovers, running insurance companies and Factories and ordering its citizens to BUY INSURANCE or anything else.. is not their role and I will fight against that and vote against that till i take my last breath.
    The party of everything we want is good and we MUST have..should just go sit in a corner and do what they do best...roll a fatty, denounce and insult anyone that doesnt think like them
    Last edited by Sentinel; 04-01-10 at 09:43 AM.

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