The Instigator
debatemaster_tom
Pro (for)
Tied
0 Points
The Contender
JudoonPlatoon
Con (against)
Tied
0 Points

Is free market capitalism good for society?

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Voting Style: Open Point System: 7 Point
Started: 6/23/2016 Category: Economics
Updated: 8 months ago Status: Post Voting Period
Viewed: 135 times Debate No: 93036
Debate Rounds (3)
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debatemaster_tom

Pro

Rules:
Round 1 is acceptance.
Max of 10,000 characters per argument.
Time to argue: 24 hours
Burden of proof shared by both sides
Agree to the following definitions of capitalism and socialism:
cap"i"tal"ism
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

so"cial"ism
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Hope you accept, I saw we both joined yesterday so I figured we'd be at similar levels.
JudoonPlatoon

Con

I'm fine if you want to make the debate 'socialism vs capitalism' oriented if you want, but for round one, I'll stick to more of a critique of Capitalism in of itself and only reference socialism in regards to it. You can take it whatever direction you'd like though.

Capitalism is an inherently flawed system for two large encompassing reasons: it inhibits economic as well as technological growth and it's totally amoral. We like to think that because of a free market capitalist economy, enterprising individuals will rush to out do the other in order to reap the capital that comes with a new product. In doing this, logically, technology would continually improve on itself. There is truth to to this. Historically, we have progressed faster in the past two centuries than ever before. But while this did occur in junction to the birth of capitalism, it's a false cause. What caused this was the fact that capital and wealth was more available than ever. And now, we are seeing the reversal of this. Instead of competition among many leaders of business, we see the collection and amalgamation of capital. Capitalism has reached the logical conclusion of total stagnation.

Under Capitalism, you must be employed to survive. But with the advancements in technology of the past century or so, we have reached a point like never before in history where less than the total population of the planet is needed to support everyone. What this means is that total employment is impossible. And with advancements in technology and industry the problem only gets worse. Capitalists are in some situations encouraged to help advance technology. But in most, now more than ever, new leaps in industry only hurt them and by extension the working class. Less people are needed. Less jobs are available. Less people have money to spend. The economy suffers and the only way to stop this is by abandoning research on new ways to increase industrial productivity. That isn't advancement. It's stagnation.
Debate Round No. 1
debatemaster_tom

Pro

debatemaster_tom forfeited this round.
JudoonPlatoon

Con

JudoonPlatoon forfeited this round.
Debate Round No. 2
debatemaster_tom

Pro

debatemaster_tom forfeited this round.
JudoonPlatoon

Con

JudoonPlatoon forfeited this round.
Debate Round No. 3
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