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Capitalism versus Socialism

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Capitalism

an economic system in which capital goods are owned, operated and traded by private individuals, businesses, or corp. for the purpose of profit
 Socialism

Socialism

an economic system in which capital goods are in state or collective ownership and administration

Online election results for "Capitalism" in graph.

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Capitalism is an economic system in which capital goods are owned, operated and traded by private individuals, businesses, or corporations for the purpose of profit. In a capitalist system, private control of these productive enterprises is protected by the rule of law. A capitalist political system protects the exchange and distribution of capital between legal or private persons, which is driven by competition and profit-maximization, and where investments, distribution, income, production and pricing of goods, commodities and services are predominantly determined through the operation of a market economy in which anyone can participate in supply and demand and form contracts with anyone else, rather than by central economic planning. Human labor power is for sale in the market as one of ...
for17against   Why should we have to choose one of the other? How about providing a choice of a mixed economy?, allenbarton
for11against   Socialism is the start of a dictatorship. Just ask Germany., robufo2000
for7against   It is time to end Republic of/by/for the wealthy few!We the people must gain legal rule & control over money/business/govt under a true direct daily Democracy.Citizen control only, Wirewilly
for16against   There are different forms of socialism - I vote for market socialism with worker management but not central planning., allenbarton
for3against   It should be clear to everyone that capitalism is neither in harmony with the planet’s ecosystem nor with the search for an egalitarian society., 123
for1against   Capitalism causes corruption, because people's minds revolve around monetary gain, rather than providing for and bettering the lives of people and society., Adwade
Current preference ratio
for Capitalism

Logic of capitalism is evil - UN General Assembly president


UN General Assembly President Miguel d'Escoto Brockmann said on Wednesday that the current global economic and financial crisis proves that the logic of capitalism is evil and suicidal. During a ministerial meeting of the Coordinating Bureau of the Non-Aligned Countries (NAM) hosted in Havana, d'Escoto said that the current world order promotes selfishness, usury as well as social and environmental irresponsibility. "Those are the values of the capitalist culture, so bad is the situation that we take seriously our universal brotherhood and its consequences or we all die," d'Escoto said. ...


Inefficient Capitalism and Socialism


Political economy – that is, the way that human societies organize and direct their economic activities – has been defined by a choice between two unpromising alternatives. Calling them simply “capitalism” and “socialism,” popular as this habit is, misstates the matter, because they were much more specific than that.The first might better be called corporate capitalism, as it recycled older forms of capitalism in the service of the weird social fiction of the corporation, a “legal person” that has more rights and fewer responsibilities than the ...


Socialism has failed. Now capitalism is bankrupt.


The basic idea that dominated economics and politics in the last century has patently disappeared down the plughole of history in terms of two mutually exclusive opposites: capitalism or socialism. Nobody seriously thinks of returning to the socialist systems of the Soviet type - not only because of their political faults, but also because of the increasing sluggishness and inefficiency of their economies - though this should not lead us to underestimate their impressive social and educational achievements. On the other hand, until the global free market imploded last year, even the ...


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Militant-Atheists don’t want you to read this: The truth is in the Establishment Clause (No, really)
Amendment 1: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances. That pesky Establishment Clause. You know those words Read More…
Words of Wisdom for the Apocalypse
Once again, the European Union is spiraling toward oblivion. Not only are Greece’s re-elections a week away, but Spain is now in need of another bailout and Italy is beginning to sputter again. As the dangers involve swing once again from “quagmire” to “clusterfuck”, even the Toronto Stock Exchange is feeling the brunt of it. […]
2012: Which fork in the road will Americans choose?
As 2011 departs, and 2012 moves center-stage, Americans voters  confront a momentous choice that will determine the well-being of their children and their children’s children for many years to come. November 2012 will be a moment of decision comparable in significance to that fateful election of 1860 when  a struggling nation was simply ripped apart. The electoral choice [...]
The Rich Get Richer…
In case you've been wondering about your paycheque lately, no, it isn't your imagination. According to the latest data from the St. Louis Fed., two important (and related) trends are continuing to set records. As a percentage of the total economy (GDP), corporate profits just hit an all-time high while wages, again, sunk to new lows



 
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