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TinyViolins · 31-35, M
Neither will lead to efficient solutions without a lot of help from the rule of law. It's an outdated dichotomy. No country is purely one or the other, and most modern nations infuse principles of both into their economic policy.
But hypothetically speaking, if we had to put all the chips on one over the other when building an economy, I would lean towards socialism.
The end goal for capitalism will always be profit, and as profits grow, markets will become more competitive, and competition drives companies towards morally questionable tactics in order to survive.
It's naturally prone to destructive behaviors. Whether that means exploiting workers to control expenses, exploiting resources to drive down costs, or manipulating the market to eliminate the competition, all of these solutions to the profit problem can and have hurt people and the environment before. It's why we have so much regulation
But hypothetically speaking, if we had to put all the chips on one over the other when building an economy, I would lean towards socialism.
The end goal for capitalism will always be profit, and as profits grow, markets will become more competitive, and competition drives companies towards morally questionable tactics in order to survive.
It's naturally prone to destructive behaviors. Whether that means exploiting workers to control expenses, exploiting resources to drive down costs, or manipulating the market to eliminate the competition, all of these solutions to the profit problem can and have hurt people and the environment before. It's why we have so much regulation
CountScrofula · 41-45, M
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whowasthatmaskedman · 70-79, M
Both. But let me explain. You must have a Capitalist framework to generate a market and stimulate competition, progress and efficiency, to advance.
Then you need Socialism to distribute the Taxes to provided health and education and to plan and build infrastructure and protect the environment. Without those things, Capitalism will not have an educated, healthy workforce and employed consumers and business will not thrive, without subsidies, tariffs and special tax breaks to keep them in the market from more competitive countries.
Then you need Socialism to distribute the Taxes to provided health and education and to plan and build infrastructure and protect the environment. Without those things, Capitalism will not have an educated, healthy workforce and employed consumers and business will not thrive, without subsidies, tariffs and special tax breaks to keep them in the market from more competitive countries.
Grateful4you · M
Cierzo · M
When put into practice in a country, both have a couple of fatal flaws. Both are de-humanizing since they only care about our material existence, and they both lead to oppression of the common people, in one case by corporations/monopolies, in the other by the state.
Personally I put distributism over both of them
https://en.m.wikipedia.org/wiki/Distributism
Since in the short term a transition away from any of them is unlikely, I think socialism may work better for n goods or services that are either necessary for our lives, like a health system, or national security. On the other hand, capitalism works better for goods or services that improve our welfare.
Personally I put distributism over both of them
https://en.m.wikipedia.org/wiki/Distributism
Since in the short term a transition away from any of them is unlikely, I think socialism may work better for n goods or services that are either necessary for our lives, like a health system, or national security. On the other hand, capitalism works better for goods or services that improve our welfare.
bijouxbroussard · F
@TopCat By that reckoning, society as it existed after humankind discovered fire [b]worked[/b]. But things [b]changed[/b].
@bijouxbroussard yes they definitely changed but that doesn't mean it didn't work before the change or that it didn't work after
bijouxbroussard · F
@TopCat Yes, it stopped working once society became heterogeneous. Attempts at tribalism is what racism is about, the idea the one tribe is supreme or exclusive over the others.
SW-User
https://en.wikipedia.org/wiki/Welfare_capitalism
PicturesOfABetterTomorrow · 41-45, M
Socialism. Capitalism is like an abusive relationship.
Serfdom
uncalled4 · 56-60, M
@LesserUgly Serfin' USA.
@uncalled4 lol
SW-User
Capitalism of course
bijouxbroussard · F
Some combination of the two seems to work in certain countries.