Has capitalism failed agree/yes disagree/no

December 2, 2015, 9:37 am

Agree5 Disagree7


The debate "Has capitalism failed agree/yes disagree/no" was started by Screwd on December 2, 2015, 9:37 am. By the way, Screwd is disagreeing with this statement. 5 people are on the agree side of this discussion, while 7 people are on the disagree side. People are starting to choose their side. It looks like most people are against to this statement.

Screwd posted 2 arguments to the agreers part.

Mousie, Skeetc15, Wookie, M and 1 visitor agree.
Screwd, bigB, ThePraxeologist, AlexRose1517 and 3 visitors disagree.

What I mean is whether or not you would consider the European system a capitalist system, if the American system is still capitalism, etc... How far from laissez faire can we come before you would stop calling something capitalism?

As for your college argument. At this time our understanding and the intricate nature of the job market, college will continue to become more and more necessary as the skills required to fulfill jobs will continue to grow. We will have to decide whether or not we want to leave college as a private investment or if we want to make it a public investment like primary education. Now, this speaks nothing of capitalism since it's an economic policy not an educational one.

The whole capitalism has failed because it doesn't produce equality is also a flawed argument. Equality is a liberal value that has to do with how government can regulate policy in order to give equal protection under the law; not in economic standing.

Capitalism has no tenant which ascribes equality as its end result. Capitalism is simply the believe that industry does better when it is privately controlled for profit than controlled by the state. In that sense it us an absolute success. Capital is surely more profitable under private holdings than under state holdings.

However, the question then is does capitalism mesh with our ideals as a country? In its purest form, it certainly doesn't. We can all read the history books and figure out that laissez-faire was a pretty bad idea.... So how much socialism should we inject into capitalism in order to make it fit our principles and how much socialism can we inject before we can no longer call it capitalism?

4 years, 8 months ago
replied to...

as for you second question could you please elaborate a little ? also i apologize if my response was not well constructed this is my first time arguing debating ect.. besides the normal ones all people have.

4 years, 8 months ago

I would argue captalism has failed becuased its based on the priciple of equality of opourtunity in the sense that if you work hard and put in enough time you will eventually end up in a better place.

While nice in theory I would say that if you simply look at the world today the quite opposite effect occurs, instead of the most mental and physically demanding jobs acruing the most wealth and offering oppourtunites to advance, it is the white color jobs that produce the most income. And while many would argue that college is the answer to that problem the problem is paying for it in the first place which is almost impossible with the low levels of income recieved.

4 years, 8 months ago

That depends on the limits of the terms. Could you explain the limits? What constitutes failure, how pure a form of capitalism is still capitalism? Economic theories are just so interwoven that it's hard to say x has capitalism and y has socialism.

4 years, 8 months ago
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