Which is better capitalism or socialism?

[Anonymous]

Anonymous wrote:200 years ago, more than 90% of the world lived in desperate poverty. Capitalism has transformed the face of the planet and the complexion of daily life for the vast majority of people.

Yes, by using up natural resources and destroying the environment. It’s not sustainable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m very worried about the direction of our country. There seems to be an accelerating drift toward socialism with the forced distribution of wealth. The famous quote about socialism working until you run out of other people’s money keeps coming to mind. What are people’s thoughts on this?

My thoughts are you have a very rudimentary and limited understanding of economic theory and you probably shouldn't be permitted to vote.

OP here - please educate me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Socialism is better

Unless, of course, you are in the capitalist class. Your standard of living may drop when you stop oppressing others.

OP here - How are capitalists oppressing the “non-capitalist class”? Are they holding a gun to their head forcing them to work for certain wages? Is the working class in true socialist countries living a better life than the “oppressed” here?

[Anonymous]

Anonymous wrote:First, there is no risk of this country moving away form Capitalism. So stop listening to those lies. Second, Capitalism has the potential for evils built in that need to be curbed if the goal is to have a safe and just country for all. You simply cannot have peace when a few control the economic lives of the many and choose to give them not enough to live on.

Are the workers being forced to accept those wages? In a socialist system, what’s my incentive to be an entrepreneur, take risk, innovate, and thereby create jobs that increase the wealth of that country?

[Anonymous]

Capitalism is the worst form of government. It's only slightly better than every other form of government.

[Anonymous]

Anonymous wrote:Free markets.

Will not dispute socialism can be great, if there is tons of money and a strong incentive to keep the populace happy.

Without giving away too much, I grew up in a company town in a very undesirable to most location. The company was very profitable and knew they could not maintain a skilled work force without a great living environment, which was achieved through a benign authoritarian company. It was an wonderful place to grow up, in line with the ideals of socialism, but if the money had dried up, if needs and wants of the work force had not been diligently tended to, or if scofflaws not been quickly fired and in effect exiled, the town would have collapsed immediately.

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Where has socialism been great? Europe/Nordic countries are not socialist economies. They have socialist programs but their economies are capitalist.

[Anonymous]

Capitalism has lifted more people worldwide out of poverty than Socialism has.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Well, You can compare it yourself. Capitalism countries such as USA and Canada in North America vs Socialism countries such as Brazil, Argentina, Peru, Chile, Venezuela, etc in South America.

Or the socialist countries of Northern Europe with the highest happiness and longest lifespans.

It’s myth that the Nordic countries are socialist. Their economies are capitalist with socialist programs.

[Anonymous]

Anonymous wrote:OP, hope your kids aren't in public school, and I really hope you don't plan on Social Security or Medicare. Please don't take unemployment benefits, or complain about potholes. Don't engage in anything that has federal funding, please, which includes higher ed, the arts, medical advances from research.

It's all a one sided understanding with you types, but you're the first to complain about inflation, right? We have inflation due to corporate gouging- they got bail outs and turned around and took advantage of the system by raising prices.
. It's not even capitalism we have, it's a
system of oligarchy.

Our nation has the very rich, supported by tax cuts and benefits, but also we have people literally starving on the street and dying from a lack of health care access. So is this the question you really want to ask today?

You are confused. Capitalism doesn’t mean don’t pay any taxes at all. Certain socialist services are necessary for a functioning capitalist society. And by the way the wealthiest 50% pay most of the taxes in this country so how is it that the wealthy aren’t paying their fair share. But paying taxes so someone’s student debt can be canceled when they alone agreed to their loan is not what capitalists had in mind (unless you want to buy votes). Or paying for illegal aliens’ health care for that matter.

[Anonymous]

Anonymous wrote:Capitalism is the worst form of government. It's only slightly better than every other form of government.

Capitalism isn’t a form of govt. It’s an economic system.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well, You can compare it yourself. Capitalism countries such as USA and Canada in North America vs Socialism countries such as Brazil, Argentina, Peru, Chile, Venezuela, etc in South America.

Or the socialist countries of Northern Europe with the highest happiness and longest lifespans.

It’s myth that the Nordic countries are socialist. Their economies are capitalist with socialist programs.

Yep, they learned to balance the two. But they have tiny economies. Also easier to do since they don’t have to spend much on military budget. The US does that. Sings ‘Kumbaya‘ around a campfire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, hope your kids aren't in public school, and I really hope you don't plan on Social Security or Medicare. Please don't take unemployment benefits, or complain about potholes. Don't engage in anything that has federal funding, please, which includes higher ed, the arts, medical advances from research.

It's all a one sided understanding with you types, but you're the first to complain about inflation, right? We have inflation due to corporate gouging- they got bail outs and turned around and took advantage of the system by raising prices.
. It's not even capitalism we have, it's a
system of oligarchy.

Our nation has the very rich, supported by tax cuts and benefits, but also we have people literally starving on the street and dying from a lack of health care access. So is this the question you really want to ask today?

You are confused. Capitalism doesn’t mean don’t pay any taxes at all. Certain socialist services are necessary for a functioning capitalist society. And by the way the wealthiest 50% pay most of the taxes in this country so how is it that the wealthy aren’t paying their fair share. But paying taxes so someone’s student debt can be canceled when they alone agreed to their loan is not what capitalists had in mind (unless you want to buy votes). Or paying for illegal aliens’ health care for that matter.

+1000

Not to derail, but Biden just cancelled student loan debt for 150K more, with loans less than $12K who have paid on them for over 10 years. My question is How the hell do you pay on a 12K loan for over 10 years and not pay it off? Cannot wrap my mind around how little you'd need to be paying, and why you wouldn't just pay $125-150/month and get rid of them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well, You can compare it yourself. Capitalism countries such as USA and Canada in North America vs Socialism countries such as Brazil, Argentina, Peru, Chile, Venezuela, etc in South America.

Or the socialist countries of Northern Europe with the highest happiness and longest lifespans.

It’s myth that the Nordic countries are socialist. Their economies are capitalist with socialist programs.

Yep, they learned to balance the two. But they have tiny economies. Also easier to do since they don’t have to spend much on military budget. The US does that. Sings ‘Kumbaya‘ around a campfire.

They also don’t have to support millions and millions of illegal aliens.

[Anonymous]

Anonymous wrote:Capitalism by far. No contest.

+1.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well, You can compare it yourself. Capitalism countries such as USA and Canada in North America vs Socialism countries such as Brazil, Argentina, Peru, Chile, Venezuela, etc in South America.

Or the socialist countries of Northern Europe with the highest happiness and longest lifespans.

It’s myth that the Nordic countries are socialist. Their economies are capitalist with socialist programs.

Yep, they learned to balance the two. But they have tiny economies. Also easier to do since they don’t have to spend much on military budget. The US does that. Sings ‘Kumbaya‘ around a campfire.

They also don’t have to support millions and millions of illegal aliens.

Actually…the reason the US economy has managed to grow and outperform the rest of the world is partly due to illegal aliens.

Everyone…more people = GDP growth. You either get more people by more births or immigrants…the GDP doesn’t care which way.