Socialism Or Capitalism?

Posted by: TheDesertFox929

Is Capitalism (rule by the rich and businesses) or socialism (rule by the workers) better?

40 Total Votes


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, competit... ive 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.The degree of competition, role of intervention and regulation, and scope of public ownership varies across different models of capitalism. Economists, political economists, and historians have taken different perspectives in their analysis of capitalism and recognized various forms of it in practice. These include laissez-faire capitalism, welfare capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed capitalist mixed economies, referring to a mix between planned and market-driven elements. Crony capitalism, is a state of affairs in which insider corruption, nepotism and cartels dominate the system. In Marxian economics this is considered to be the normal state of mature capitalism, while in anarcho-capitalist theory it is considered a political distortion of capital and markets   more
30 votes


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. "Social ow... nership" may refer to cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these. There are many varieties of socialism and there is no single definition encapsulating all of them. They differ in the type of social ownership they advocate, the degree to which they rely on markets or planning, how management is to be organised within productive institutions, and the role of the state in constructing socialism.A socialist economic system is based on the organisational precept of production for use, meaning the production of goods and services to directly satisfy economic demand and human needs where objects are valued based on their use-value or utility, as opposed to being structured upon the accumulation of capital and production for profit. In the traditional conception of a socialist economy, coordination, accounting and valuation would be performed in kind, by a common physical magnitude, or by a direct measure of labour-time in place of financial calculation. On distribution of output there has been two proposals, one which is based on the principle of to each according to his contribution and another on the principle of from each according to his ability, to each according to his need. The exact methods of resource allocation and valuation are the subject of debate within the broader socialist calculation debate   more
10 votes
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Kc1999 says2014-05-10T11:25:15.4084638-05:00
Conservative101 says2014-05-10T12:49:21.2908638-05:00
The greed isn't in capitalism. It's in human nature.
CJKAllstar says2014-05-10T12:50:41.2564638-05:00
Conservative101. If there was anyway to put that better I would be shocked. Well said.
Chimera says2014-05-10T18:06:28.8713568-05:00
Karl Marx isn't a socialist philosopher, so I don't know why you have his picture here. If anything, he was a capitalist philosopher.
Wadduphomedawg says2014-05-10T20:27:17.2628032-05:00
Socialism requires a strong central government. Which always turns into authoritarianism.
Actionsspeak says2014-05-11T12:15:20.8020197-05:00
Everyone, i'm fairly certain D-Fox (the maker of this poll) is Jifpop09.
noahojeda says2014-05-13T14:31:36.5656847-05:00
History has always shown a hard and harsh dictator in power if a corrupt in perfect socialist state we have never seen the ideal form of socialism, not yet at least
noahojeda says2014-05-13T14:32:20.6878577-05:00
The if is supposed to be an of
noahojeda says2014-05-13T14:32:56.1724847-05:00
And its imperfect not in perfect
worthlessfem says2014-05-22T10:47:39.4248089-05:00
Both are bad and unjust systems and both are outdated dinosaurs.

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