The Instigator
bballcrook21
Pro (for)
Winning
11 Points
The Contender
Idrees
Con (against)
Losing
0 Points

Capitalism vs. Socialism

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Post Voting Period
The voting period for this debate has ended.
after 3 votes the winner is...
bballcrook21
Voting Style: Open Point System: 7 Point
Started: 8/5/2015 Category: Economics
Updated: 1 year ago Status: Post Voting Period
Viewed: 683 times Debate No: 78425
Debate Rounds (3)
Comments (8)
Votes (3)

 

bballcrook21

Pro

Firstly, good luck to whomever may accept this challenge.

There is a clear distinction in these systems, as neither can exist without a certain type of government. Socialism requires a centralized, looming federal government that restricts liberty for the good of the nation. Capitalism, on the other hand, requires a decentralized, hands off federal government that leaves most matters to local governments, as local governments can address issues with more precision.

Socialism, on one hand, is both political and economic. National Socialism, which was widely introduced during the reign of the infamous Nazi party, is a system which restricts an extreme amount of personal liberty for the good of the nation and society. Freedom of speech is legislated heavily, as to make sure that the government is not denounced, in order to maintain "peace" and "order". National Socialism, like stated previously, is directly correlated with the Nazi Party. It is also referred to as Nazism, or Hitler-ism.

Another variant of Socialism is Democratic Socialism, which is in turn refers to a Democratic political system paired with a Socialist economic system. This basically refers to socialized healthcare, heavy government regulation, and restriction of freedoms. Nevertheless, in all Socialist economies, there is lack of business and a very high level of artificial equality. Artificial equality is a developed term based upon careful observation of different nations that seek to make everybody equal, instead of creating equal opportunity. For example, the rights championed by many Socialists and Liberals (Pretty much the same thing) are what I consider artificial equality, as it seeks to make everybody equal, regardless of differences such as gender, age, level of intelligence, wealth, and so on.

On a natural level, Capitalism hereby reflects nature, and man is not above nature. Capitalism is the idea of free trade and free enterprise, a system that champions rights and can only exist in a highly Democratic nation. Capitalism requires opportunity, and it cannot function fully with extreme government intervention. Restrictions such as minimum wage, inability to discriminate, and tariffs are a few examples of intervention that is detrimental to a Capitalist system.

All in all, I will be arguing and providing examples as to why Capitalism is a better system then Socialism.

Also, Mirza, please do not accept this. I have a heavy disdain for your garbage opinions and I will remove you if you accept this debate. I will not quarrel with you as I have no respect for you our your opinions, which lack substance and are just built upon disdain for other people and their cultures.
Idrees

Con

Capitalism is a good economic system but for first ranked countries, which are already very developed and they have a market of Perfect Competition, But the countries which are the third ranked countries according to economic situation, these countries need Socialism economic system, by which every single person grows equally and late on they can change the system
Debate Round No. 1
bballcrook21

Pro

You state that Capitalism is not good for developing nations. That is in fact, the opposite.

A developing or undeveloped nation would benefit greatly from Capitalism, as it would create incentive and competition. Additionally, it will increase investments from other nations, especially if heavy regulations are not set in.

Socialism creates an incredible amount of spending, which equates to a large sum of debt. A developing nation would not be able to pay for all this debt, as you can see from Greece. Greece has a Democratic Socialist government, which completely destroyed the private sector in the nation and created heavy unemployment by creating large regulations and making it better to work for the government rather then a private business. This resulted in massive spending and massive debt, since much of the country could not pay taxes. They defaulted on their debt payment which has sent the Euro spiraling, and even effected the stock market (Dow-J) tremendously.

Socialism, of any sort, does not work under any circumstances. World-wide Socialism would ruin every nation within months. As there would be no competition, all money would be recycled, and then that will create even larger disparities in the economic system. The reason why Europe can be Socialist is because the U.S. is Capitalist. The United States has defensive alliances with almost all European nations, and commits their powerful army to the defense and aid of lesser European nations if they were to be attacked.

Seeing as you have stated a very small argument, I will not elaborate further as to save more for next rounds.
Idrees

Con

Idrees forfeited this round.
Debate Round No. 2
bballcrook21

Pro

Forfeiture.
Idrees

Con

Idrees forfeited this round.
Debate Round No. 3
8 comments have been posted on this debate. Showing 1 through 8 records.
Posted by TylerWaage 1 year ago
TylerWaage
Too bad the contender forfeit.

I would like to debate in favor of Socialism, if you're up for it.
Posted by BlairT 1 year ago
BlairT
It's a shame con gave up. Should you decide to redo the debate, I'd happily explain why socialism is better than capitalism.
Posted by migsy 1 year ago
migsy
There is no better system to start with. what you will notice in most countries is actually a mixture of the two, with countries being due to its economy dinamics i.e. natural resource power or development level more inclined to either system. I do agree with the point about one or another system being more adequate to a certain country and i take the most developed countries in the world as an example.
Posted by TheProphett 1 year ago
TheProphett
The reason Greece failed isn't because of the sole Democratic Socialist party. Their citizens did not pay taxes, and the government was not able to pull in any revenue, so they were forced to borrow from other nations.
Posted by Network 1 year ago
Network
The only thing refraining me from accepting this debate is the assumption that capitalism and socialism are incompatible, or that socialism=communism, which I think is untrue.

In Canada, right-wing parties encourage the centralization of national power, even though they are clearly capitalist. They are still interventionist, so they lend money to private industries. Some right-wing parties, such as the Conservative Party of Canada (currently in power), also encourage strong military.

The left-wing parties, on the other hand, are strongly anti-centralization, and think the provinces should hold the power. These parties have welfare, public healthcare, and public education as their priorities. Some of them are also strongly secularists, and (shame on them) are subtly trying to make Canada more like France in terms of personal freedom. Others, less powerful left-wing parties are different, though.

Given that the Canadian economy has elements of both capitalism and socialism (private industries have lots of control over natural resources, for instance, but there is also free healthcare and almost free education), the statement that they are incompatible does not even hold water. Furthermore, Canada is actually one of the countries to suffer the least from the current international recession. Lack of business? I wouldn't say so.

You can't even compare it to Nazism though. It was socialist in name only, and didn't actually care about welfare and the like.
Posted by Mr.Yamamoto 1 year ago
Mr.Yamamoto
I know Nazism means something like National Socialism is German, but isn't Nazism fascist rather than socialist? Pardon my ignorance if I'm wrong.
Posted by bballcrook21 1 year ago
bballcrook21
@Talkingisfun I am referring to both types of Socialism. The Socialist system in Cuba as well as the Socialist system put in place in Scandinavia.
Posted by Talkingisfun 1 year ago
Talkingisfun
Question: Which countries would you see as an example for socialism? Are you talking about countries like Cuba (Which I agree have a terrible system) or countries like the scandinavian countries, which do have a large government and a welfare state, but also a capitalistic economy.

If you are talking about Cuba or something I'm not interested, but I'm definitely interested in debating if you consider the scandinavian model socialism.
3 votes have been placed for this debate. Showing 1 through 3 records.
Vote Placed by Midnight1131 1 year ago
Midnight1131
bballcrook21IdreesTied
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Reasons for voting decision: FF
Vote Placed by PericIes 1 year ago
PericIes
bballcrook21IdreesTied
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Reasons for voting decision: I'd like to point out that capitalism and socialism are not necessarily mutually exclusive. However, this doesn't matter, because Con forfeited. Due to Con's forfeiture, Pro gets conduct and arguments. Due to the fact that, when Con spoke, he could not form a coherent statement, Pro gets spelling and grammar, as well.
Vote Placed by Teaparty1 1 year ago
Teaparty1
bballcrook21IdreesTied
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Total points awarded:50 
Reasons for voting decision: Conduct- forfeit, S&G- con had an erroneous capitalization and left out punctuation, Arguments- forfeit again.