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originally posted by: lydie15
This won't be a very big post, as I am genuinely interested in knowing the answer. I don't really want to put too much of my opinion out there, because quite frankly, I haven't investigated too far into the pro's and con's of Capitalism vs. Socialism to be able to provide a substantiated argument.
I have, however, always held quite a positive opinion on Socialism. I have failed to see the flaws in the system that so many people mention there are in Socialism. I do have a massive problem with corporate Capitalism (for many reasons). I don't think Capitalism in general is bad, but I fail to understand why it is better than Socialism, and why Socialism is so heavily criticised.
I'm also confused as to why so many people support Capitalism, where there is obviously many flaws in the way it works. BUT, this may be attributed to corporate Capitalism being more dominant than pure Capitalism. But isn't any economic system somewhat flawed? What makes Capitalism THE absolute best economic system we can have? Why is there not much discussion in the idea of either adopting a Socialist-like economic system, even if it is still mostly Capitalist in its roots?
originally posted by: syrinx high priest
propoganda and laziness
a guy I work with still thinks all socialism is lenin and trotsky. to him, they use altruism to determine the prices of goods and services
I also think its a lot of patriotism, "our system is the best system !!!"
I'm Norwegian (among other things) I usually shut up people who are telling me how great capitalism is by asking them if they how big the surplus is we have as Americans. they usually look confused. I point of Norway has a fund set aside for if the oil runs out that is worth about $1,000,000 for every Norwegian.
Americans have a debt of about $60,000 per citizen and $160,000 per taxpayer.
so if capitalims is so great, why is it broke ?
(before you blame it on a current president, the US has not been debt free since Andrew Jackson)
Norway benefits from a great simple idea. 60% of the oil is privately owned, 40% is publicly owned.
Imagine that ? All the people benefiting from the countries natural resources, and private ownership.....