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Liberal capitalism and socialism ...

Which economic system(s) do you prefer?

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Paleocon

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... are two sides of the same materialistic coin.

Why is it that discussions of economics seem to ignore the possibilities of distributism and regulated capitalism?
 
Why did you have to condition capitalism as liberal or regulated and what's the diff?
 
CalGun said:
Why did you have to condition capitalism as liberal or regulated and what's the diff?
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I was using the word "liberal" in its classical sense (what we would now call libertarian). So by liberal capitalism I mean capitalism that is either unregulated, or at least practically unregulated.
 
Paleocon said:
... are two sides of the same materialistic coin.

Why is it that discussions of economics seem to ignore the possibilities of distributism and regulated capitalism?
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Could you show the rest of us in the class how you reach this conclusion, or is it just more rhetoric and slogans?
 
Commie said:
Could you show the rest of us in the class how you reach this conclusion, or is it just more rhetoric and slogans?
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They're both ultimately oriented toward the gaining of material wealth as though this was man's highest good.
 
Paleocon said:
Why is it that discussions of economics seem to ignore the possibilities of distributism and regulated capitalism?
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Because you are dealing with an era where sociopolitical polarization is very high, along with its attached demagoguery.
 
Paleocon said:
... are two sides of the same materialistic coin.

Why is it that discussions of economics seem to ignore the possibilities of distributism and regulated capitalism?
Click to expand...
regulated gotta have checks and balances to prevent one side from overpowering the other. Balance is key IMO to a healthy economy and country as a whole
 
Paleocon said:
... are two sides of the same materialistic coin.

Why is it that discussions of economics seem to ignore the possibilities of distributism and regulated capitalism?
Click to expand...

I hit two alternatives in your above answers. The reason is that there is no such thing as unregulated capitalism. Even the most liberal of liberal capitalists needs a government with rules and police and all that. On the other hand I would be very much against a regulated capitalism that went as far as China's or the Third Reich's.

Even now, the level of regulation is relatively inhibiting; not quite as bad as in Europe, but bad enough. But it depends a lot on how the regulations are constructed. How many rules, their internal consistency, how economically efficient vs political are they and so forth.
 
Paleocon said:
I was using the word "liberal" in its classical sense (what we would now call libertarian). So by liberal capitalism I mean capitalism that is either unregulated, or at least practically unregulated.
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Okay, I think I can see where you are coming from now. You're offering a critique of materialism itself. I agree that we should have or find a higher purpose in life than making money and looking for things to buy.
 
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