Capitalism vs Socialism?
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|Voting Style:||Open||Point System:||7 Point|
|Updated:||8 months ago||Status:||Debating Period|
|Viewed:||195 times||Debate No:||93565|
Debate Rounds (3)
Round 1 is for acceptance only.
I know. First, I'll give a brief explanation of each.
Capitalism: A system that rewards hard work, success and innovation.
Socialism: A system that punishes hard work/success and rewards laziness and failure.
That is why socialism does not work. It is impossible for a system that rewards greed and demonizes success to work in the long run. Socialism might temporarily work, because for a short period of time, you can simply steal from the rich and successful. But what happens when you run out of their money? Not if, but when? Socialists never have a plan B.
On the other hand, capitalism works because it motivates people to work hard and to innovate. If America were a socialist country, people like Bill Gates and Steve Jobs never would have gone on to innovate and transform the world the way they did. Fact is, money motivates people. No one works hard if they know that the fruits of their labor are going to be taken by the government and redistributed.
The proof is all around us. Capitalist countries with free economies include Switzerland, Singapore, New Zealand, and Australia, all countries doing very well. Socialist countries with highly restricted economies include North Korea, Cuba, Zimbabwe, and Iran, countries doing horribly. If you want to look at true socialism, just look at Venezuela, a country where people line up for hours just to get bread and toilet paper rations. In capitalist countries, bread lines up for consumers, but in socialist countries, consumers line up for bread. When government takes a step back and lets civilians run businesses the way they want to, it's beneficial to everyone.
To quote Sir Winston Churchill "Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy." Couldn't have said it better myself. Socialists tend to call entrepreneurs and risk takers the greedy ones when they themselves are greedy. If someone works hard and makes money, you are just plain greedy if you want that money to be redistributed to you. Just look at Bernie Sanders and his crowd of brain dead supporters. They claim to be anti-greed, but their demands for free things are just plain greedy.
Still don't believe me? Watch the videos of Nobel Prize Winning Economist Milton Friedman explain the differences between capitalism and socialism.
Think you know better than Friedman? In that case, where's your Nobel Prize in Economics?
You're putting the cart before the horse. It's not that these people just woke up one morning and became rich, they worked for their wealth. And if you want to be as wealthy as the rich, you should work as hard as they do.
"Socialism believes in the redistribution of wealth from the wealthy to the working class."
Two problems. 1) The ethical problem. It is unethical to take and redistribute someone else's hard earned paycheck, period. 2) The practical problem. Under that system, who's motivated to work? Why would a person work hard if they knew the fruits of their labor would be redistributed by the government anyway?
Besides, more often than not, the wealth finds it's way back into the economy on it's own. Why? Because, just like everyone else, rich people spend and invest their money. Watch the video below as Milton Friedman explains this concept.
"Bill Gates and Steve Jobs both used poor underpaid workers and even in some circumstances used child labor in order to make their so called innovative technology on the back of the poor who still got underpaid they're modern day robber barons and capitalism makes it so people like them can succeed in the world while the people who actually do the work are ignored."
True, but it can't be denied that those men revolutionized the world. Without them, and men like them, we wouldn't even be having this debate, because personal computers would never have been made available to consumers.
"Lastly Bernie Sanders and his supporters feel as though America is behind on the rest of the world with most countries offering single payer health care and some offering free community college they feel as though they are entitled to these things due to the fact that they are the backbone of America so their needs shouldn't be uncared for just because the one percent which runs America can not and will not understand them."
Actually, I think America is leading the world. Not in free things, but in freedom, and in innovation, and progress. Look at all the world's most successful entrepreneurs. With a few exceptions, they're all American. Why? Because in this country, we encourage innovation and success, whereas in socialist countries, those things are discouraged. And that, is why socialism will never work in the long run, and why capitalism is a much better option.
AbrahamThurmond, thank you for debating with me. I've greatly enjoyed this debate.
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