Capitalism or Socialism: which is the better economic system?
 

I think most people would agree that neither system is perfect but which is better (or less worse)? And I don't mean which theory is better on paper or in ideal circumstances but rather which is better in cold hard reality. And I also realize that every country is in some way a mixture of the two so let me phrase it this way: Would you rather your country veer more towards the capitalistic side or the socialistic side?

I prefer a mix but forced now to choose what I would like to see,I would choose socialism.

obviously a mixed is better , capitalism is overused and misinterpreted, its meant to be healthy competition, what we have is a cartel of price fixing monopolies who are paying off politicians to be deregulated. also nations vary massively in their minimum wages and human rights to some get paid peanuts to produce cheap crap. socialism in its truest form has some merits, especially where certain key industries are nationalised. however the EU has in effect banned any nationalization, which makes corbyns pro EU stance completely contradictory to his beliefs. socialism ultimately fails, but certain parts of it are eternally important, workers rights especially are crucial in demanding fair wages and working conditions etc socialism sells well to kids with black and white ideals. ultimately many socialist leaders are stinking hypocrites as they try to look good demanding free gifts for everyone , but end up bankrupting the nation with anti common sense anti economic policies which bankrupt nations.

No nation has it
it does not work.
Marx is a theory - but does not work in practice

do you want to live in the old east Germany or west Germany, simple choice, millions cried and screamed and tore down walls to get from east to west. says it all really.

one accepts that humans are greedy and selfish and the other pretends that they are not

Well with so many Nations in difficulties maybe it is time to try it.
Anyway,I still really prefer a mix rather than wholly one or the other.

Of course countries have it and they have it because its interchangeable. Britain, France and Italy are great examples of socialism running arm in arm with capitalism. Even the U.S. have numerous socialist policies.

I thought we were talking about socialism versus capitalism so why are we talking about ex communist E Berlin?

Socialism and Communism are about as different as Capitalism and Fascism; one can become the other but they all have very different ideologies.

not really the end results are often similar. they waste tax payers money and those in power take care of themselves and the countries go bankrupt.
a mixed economy is the best way, but the governments need to regulate big companies way tighter. instead of being bought off.

Which one is the first one? that's me:hee:

Full socialism would grind to a halt. Unbridled capitalism would be a disaster.

The question is meaningless because neither, on their own, actually work on a large scale.

But that's neither socialist or capatalist, its just corruption.

Reformist socialism, is fruitful and adaptable within twenty first century Britain. Reformist socialism accepts a mixture of private and public ownership and very much encourages a free market sector. When it comes to nationalization its not only socialist idea, its also conservatist and liberal idea or at least it was before the neo-liberal conservatives got a grip and started turning every available asset into gold.

I'm all for a good dose of capitalism but lets at least follow the ideology of what capitalism is about.

You need a mix for it to work properly, but socialism is better,

sounds like utopia tbh but how do we get there.....who regulates the regulators?

how?

By getting rid of this new 'neo-liberal style conservatism'. I'm sure there are plenty of conservative MP's who would support that move.

Greed is a good thing in the individual, it's the best way to prosper.

The only time greed isn't good, is government greed.

Absolutely this ^. We are fundamentally selfish and we are naturally competative and that's why the human race has survived and prospered like it has. Capatalism in the wrong hands though, exasperates that selfish competativeness at the expense of others.

I feel that socialism does not work in the 21st century, and capitalism is a get rich quick, for ten years, no longer gives a stable rich economy, like the EU, its nothing but a socialist grab all, and make the world better, its the same with globalism, another failed thing, that people think that, there should be no nations or borders, and the world should have one government, that rules all of us.

Capitalists with a socialist consciousness

Democratic socialism

Democratic socialism is really interesting.

Sounds good to me.

What the Conservatives used to be, I could go for that easily too.