Capitalism vs Socialism

[Muji]

Free market doesn't mean robber baron 20th century monopolies it just means that prices are determined by supply and demand and that people are free to buy and sell goods/property as they wish. The state doesn't decide how much a loaf of bread or a barrel of oil is the 'market' does.

Benefits and other things aren't conflicting with the free market its the fundamental nature of the economy does the state run it or do private individuals. Socialists would rather the state organize things

but we don’t have a free market atm we have socialism for the rich with bank bail outs, tax havens and business friendly tax cuts. But you have all this to look forward to when you get your first job and the tax man comes knocking.

 

[repo]

Interesting debate @sincity I enjoyed it. Nice that it stayed civil

We are not done here, I'm going to reply to you later.

 

[Helios]

but we don’t have a free market atm we have socialism for the rich with bank bail outs, tax havens and business friendly tax cuts. But you have all this to look forward to when you get your first job and the tax man comes knocking.

If I make enough then honestly I won't really care where the money goes to. Central banking and fiat currency have rigged our system to the point of no return. America's biggest monopolists JP Morgan and the Rockefellers etc all sat down to create the Federal Reserve. Multiple founders of the US warned against a central bank and how it would lead to the destruction of the common man ie 2008 but the bankers got their wish in 1913. The massive monopolies may have been broken up but the seeds to continue their enterprise were sowed. Problem is that I'd rather see Jeff Bezos than Joseph Stalin it's the lesser of two evils sadly.

 

[Helios]

We are not done here, I'm going to reply to you later.

 

[Thegoodshepherd]

please elaborate

The nordic countries are my ideal. High taxes to pay for tangible social improvement and to provide high quality public goods. This should be coupled with minimal interference in the market and the least amount of regulation possible. A limited government that provides free healthcare, education and subsidized housing while leaving other sectors to the private sector.

 

[Factz]

My ideal for back home would be a capitalist economy with some socialist elements such as free education, universal healthcare, retirement pension for old people and I believe being homeless is against human rights so, therefore, the government should give economic assistance towards alleviating housing costs and expenses for impoverished people with low to moderate incomes. Sick people should be eligible for supplementary welfare allowance.

 

[repo]

Who is most likely going to find a cure for cancer? Govt researchers or the private sector. One clearly is better at using funds than the other. I don't care what people do with their wealth or how they accumulate it legally as long as the people working for them are paid well and taxes enter my govt treasury. The free market is the greatest way to allocate goods and determine supply and demand and I hope it is allowed to continue doing this unmolested. Corporations need to be reigned in tho I'm no fan of Amazon and other disgusting companies. Small enterprise is key

The cure for cancer could be found but capitalists would prevent it from being available to people. To profit off of ill people you need diseases such as a cancer there's an incentive to keep people on medication as long as possible. That's why it's a great evil. In a socialist system all research would be open source and those who enter the field of medical research would do so out of interest in the subject not pursuit of riches.

 

[Helios]

The cure for cancer could be found but capitalists would prevent it from being available to people. To profit off of ill people you need diseases such as a cancer there's an incentive to keep people on medication as long as possible. That's why it's a great evil. In a socialist system all research would be open source and those who enter the field of medical research would do so out of interest in the subject not pursuit of riches.

First company to find the cure will make billions. I support a government appropriation of that cure for the national interest tho. Cancer should not be a profitable treatment business

 

[Muji]

My ideal for back home would be a capitalist economy with some socialist elements such as free education, universal healthcare, retirement pension for old people and I believe being homeless is against human rights so, therefore, the government should give economic assistance towards alleviating housing costs and expenses for impoverished people with low to moderate incomes. Sick people should be eligible for supplementary welfare allowance.

for back home it’s a whole different story. I would not trust the Somali government with wealth. We are already the most corrupt society in the world now just imagine they had access to our finances, hospitals and land.

 

[Helios]

The nordic countries are my ideal. High taxes to pay for tangible social improvement and to provide high quality public goods. This should be coupled with minimal interference in the market and the least amount of regulation possible. A limited government that provides free healthcare, education and subsidized housing while leaving other sectors to the private sector.

Nigga that's the definition of big government.

 

[Maximus]

A liberal, centre-left economy (or light socialism). Similar to that found in Scandinavian nations.

Capitalism isn’t beneficial for a nation like somalia.

We have oil, under private companies, this oil will go to rich business men as compared with the poor who will stay the same.

Nigeria is a victim of this, I prefer Government owned Oil companies and a public education, healthcare, and benefits.


I don’t advocate for Communism (cancer).

 

[repo]

for back home it’s a whole different story. I would not trust the Somali government with wealth. We are already the most corrupt society in the world now just imagine they had access to our finances, hospitals and land.

I wouldn't trust the average Somali voter either. If I was in Somalia I'd be a fascist for big business.

 

[Genesis]

I am a hardcore neoliberal capitalist.

Capitalism has lead to general prosperity for a greater number of people. Economic development has grown steadily globally and poverty levels have been greatly reduced by capitalistic economic models in poorer countries.

Compare East and West Germany, North and South Korea, Singapore/Taiwan/Hong Kong to most of mainland China or Cuba or Vietnam or North Korea, or the Chinese Special Economic Zones to the rest of China.

Socialism/communism is a cancer in comparison, it needs to be stamped out.

Capitalism is like a drug to me, I can’t get enough of it.

 

[Marcus]

f*ck commies

 

[Octavian]

Free Market Capitalism vs State Socialism

Personally I'm a fan of Free Markets

why not a mix of both social benefits that comes from state owned companies that compete with privately owned once s

 

[Basra]

Free Market Capitalism vs State Socialism

Personally I'm a fan of Free Markets

State Socialism if it is Cadaan govt, but other races, Capitalism then.

 

[Mehdi Hassan]

What is the ideal system though?
Communism can't be.
I would believe a interest-free capitalistic society but give me your thoughts.

Me too, interest more than anything else creates and widens income inequality.

 

[Mehdi Hassan]

A mixed market is best though. Not like America's or even the UK's but more like Canada, in between.

 

[Basra]

Me too, interest more than anything else creates and widens income inequality.

u mean tax?? what interests?

 

[Mehdi Hassan]

u mean tax?? what interests?

Riba.