The Instigator
Hayek
Pro (for)
Tied
0 Points
The Contender
mhawk10
Con (against)
Tied
0 Points

Free Market Capitalism vs Marxism

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Voting Style: Open Point System: 7 Point
Started: 3/28/2014 Category: Economics
Updated: 2 years ago Status: Post Voting Period
Viewed: 899 times Debate No: 51152
Debate Rounds (5)
Comments (7)
Votes (0)

 

Hayek

Pro

Free Market Capitalism - Pro
Marxism - Con

Terms:
1. All facts and figures must be clearly sourced (not Wikipedia) and should be accessible to all.

2. Round 1 is only for acceptance.

Definitions -

Marxism - a worldview and method of societal analysis based on attention to class-relations and societal conflict, on a materialist interpretation of historical development, and on a dialectical view of social transformation. Marxist methodology informs economic and sociopolitical enquiry applying to the analysis and critique of the development of capitalism and the role of class struggle in systemic economic change.

Free Market - A free market is a market economy in which the forces of supply and demand are free of intervention by a government, price-setting monopolies, or other authority. A free market contrasts with a controlled market or regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or directly setting prices.

Capitalism - Capitalism is an economic system in which trade, industry and the means of production are controlled by private owners with the goal of making profits in a market economy. Central characteristics of capitalism include capital accumulation, competitive markets and wage labor. In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged.

Communism - Communism is a classless, moneyless, and stateless social order structured upon common ownership of the means of production, as well as a social, political and economic ideology and movement that aims at the establishment of this social order.

Socialism - Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.

Exploit - the act of using another person's labor without offering them an adequate compensation

Structural or "macro-level" exploitation: focuses on exploitation by large sections of society even (or especially) in the context of free markets. Marxist theory points to the entire capitalist class as an exploitative entity, and to capitalism as a system based on exploitation.

By accepting this debate you acknowledge that you must abide by the terms and acknowledge that these are the definitions we will use for this debate.
mhawk10

Con

I accept your challenge.
Debate Round No. 1
Hayek

Pro

Hayek forfeited this round.
mhawk10

Con

mhawk10 forfeited this round.
Debate Round No. 2
Hayek

Pro

Hayek forfeited this round.
mhawk10

Con

mhawk10 forfeited this round.
Debate Round No. 3
Hayek

Pro

Hayek forfeited this round.
mhawk10

Con

mhawk10 forfeited this round.
Debate Round No. 4
Hayek

Pro

Hayek forfeited this round.
mhawk10

Con

mhawk10 forfeited this round.
Debate Round No. 5
7 comments have been posted on this debate. Showing 1 through 7 records.
Posted by Speaker_for_the_truth 2 years ago
Speaker_for_the_truth
*Switzerland, I mean..
Posted by Speaker_for_the_truth 2 years ago
Speaker_for_the_truth
I'll be Sweden in this topic. If you really want a "fair society" then you should apply Marxism.

Karl Marx had a vision to the world being fair in his time. A lot of slaves were being abused. The rich people were above the law (even now). And capitalist abused their power to make them richer and the poor poorer. There was a reason why Marxism was born. It was for freedom and justice to all.
Posted by Hayek 2 years ago
Hayek
sorry. You do need to be specific in these debates. I hope you realise that.
Posted by AizenKnaik 2 years ago
AizenKnaik
*Pro rather
Posted by AizenKnaik 2 years ago
AizenKnaik
Seems like the con has intentionally put Marxism (of all) for a sure win.
Posted by lightingbolt50 2 years ago
lightingbolt50
I don't like how our only option is marxism. Marxism is a horrible defective version of communism.
Posted by Jevinigh 2 years ago
Jevinigh
Marxism is Obsolete, I don't like being boxed into topics like this but I would be willing to argue RBE. v. Free market Economics.
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