Socialism / Progressive
capitalism: a system that bankrupts morality in pursuit of money. hail the moneybags.
a plantation economy will not lead to a brighter future by any means. socialism is the way to go.
Without a doubt.
In a capitalist society you'll see more and faster technological advancement. Technology has more to do with how societies operate than do public policy. Given that advancement of technology is typically good. It follows that society would be better off be purely capitalistic.
Comrade, you keep confusing socio-capitalism with pure socialism. It annoys me. As for which one is purely better, a nation can survive on more capitalism then socialism.
I agree with the general consensus on this side. Both will not work on their own at all and will ultimately fail for the future. Socialism will result is low technological advancement, low innovation and low standards in general, whilst capitalism will result in an equality gap so large with a poor that is screwed over. There needs to be a balance. There needs to be a safety net, the public industry and the government handling necessities. But once that is achieved well, then Capitalism is going to be what actually pushes the country forward. The likes of Norway is not "socialist", but socio-capitalist to just a very liberal capitalist country, as is with most successful countries today. I agree with Jifpop. Strengthen the social aspects, in order to allow capitalism to work without many repercussions.
Capitalism is not a plantation economy. It is the economic/social system based on private property and ONLY private property. This inspires rationality and trade by making it necessary for people to exchange what they have for what they don't based on how much they value each thing being exchanged and to take care of those properties which are owned and exchanged and to respect others. Both reason and trade are virtues. Capitalism also is not morally degrading. From the perspective of the NAP, it is the most moral system because it does not rely on the initiation of force against your neighbors to get what you want and it actually discourages it. From the perspective of Objectivism it is the most moral system because it recognizes that every individual is an end in and of themselves and neither encourages nor mandates the sacrifice of one human to another. In short, selfishness is good.
Capitalism is the only economic system that is aligned with natural forces.
Not gone unregulated however