Capitalism or Socialism: Which is better?

[Staenwald]

Wait, capitalism has a better economy? So THAT'S why we're in an economic crisis.
A capitalist economy may have rapid growth, but its unstable.
A regulated market is FAR more stable.

I believe that your observation is incorrect. USA and all major economies never had a capitalist economy, only mixed market ones. The closest to that is Hong Kong, which is only about 8 million strong.

And yet one of the most prosperous countries for it's size. it has a higher GDP per capita than that of the UK, a much larger nation with trend towards capitalism.

[Genivar]

Wait, capitalism has a better economy? So THAT'S why we're in an economic crisis.
A capitalist economy may have rapid growth, but its unstable.
A regulated market is FAR more stable.

I believe that your observation is incorrect. USA and all major economies never had a capitalist economy, only mixed market ones. The closest to that is Hong Kong, which is only about 8 million strong.

So all those Corporate representatives who praise our *Free market System* are wrong?
How exactly is the U.S NOT capitalist? or corporatist I guess.

[Sungai Pusat]

I believe that your observation is incorrect. USA and all major economies never had a capitalist economy, only mixed market ones. The closest to that is Hong Kong, which is only about 8 million strong.

So all those Corporate representatives who praise our *Free market System* are wrong?

Yes, they are! You realize the corporation was made by the government to serve the people, right? The modern one was established near the turn of the century, which was also when more intrusion of the market system by these corporations happened. The so called 'free markets' they praise about is nothing more than a system of failed policies after policies that cause the economy to rise and fall.

How exactly is the U.S NOT capitalist? or corporatist I guess.

It IS corporatist, but NOT capitalist. Both of them have a separate meaning altogether.

[Genivar]

So whats your opinion of Walmart?

[Sungai Pusat]

So whats your opinion of Walmart?

I don't live in USA in particular, but from wht I've seen, it has about one million workers, outlets in almost every city and town and seems to make a killing. Its prices are also quite low, which suggests that it is trying to drive out its competitors. And why have you asked that?

[The Merchant Republics]

So whats your opinion of Walmart?

I don't live in USA in particular, but from wht I've seen, it has about one million workers, outlets in almost every city and town and seems to make a killing. Its prices are also quite low, which suggests that it is trying to drive out its competitors. And why have you asked that?

Everyone hates on Walmart in North America, it's the quintessential "evil corporation", "evilly" shutting out "good, honest competition" with lower prices and anti-union ways, it's the store that everyone goes to but everyone shuns. I don't shop there a lot because I hate the atmosphere. Too warehouse-y.

[Sungai Pusat]

I don't live in USA in particular, but from wht I've seen, it has about one million workers, outlets in almost every city and town and seems to make a killing. Its prices are also quite low, which suggests that it is trying to drive out its competitors. And why have you asked that?

Everyone hates on Walmart in North America, it's the quintessential "evil corporation", "evilly" shutting out "good, honest competition" with lower prices and anti-union ways, it's the store that everyone goes to but everyone shuns. I don't shop there a lot because I hate the atmosphere. Too warehouse-y.

Oh, OK. That is weird, why would they buy from a store that they hate?

[Genivar]

Everyone hates on Walmart in North America, it's the quintessential "evil corporation", "evilly" shutting out "good, honest competition" with lower prices and anti-union ways, it's the store that everyone goes to but everyone shuns. I don't shop there a lot because I hate the atmosphere. Too warehouse-y.

Oh, OK. That is weird, why would they buy from a store that they hate?

Maybe because thats the only place they can afford to shop.
Everyone tries to tighten their belts to survive in this unstable economy nowadays so they shop where its cheapest.

[Sungai Pusat]

Oh, OK. That is weird, why would they buy from a store that they hate?

Maybe because thats the only place they can afford to shop.
Everyone tries to tighten their belts to survive in this unstable economy nowadays so they shop where its cheapest.

Which is Walmart. Well, why don't the other shops just lower their own prices then?

[Genivar]

Maybe because thats the only place they can afford to shop.
Everyone tries to tighten their belts to survive in this unstable economy nowadays so they shop where its cheapest.

Which is Walmart. Well, why don't the other shops just lower their own prices then?

Because the other shops can't compete that low and still make a profit. With how widespread Wal-mart is they can have prices low but still turn a huge profit because they have money coming from everywhere.
Anyway its 4 am where I'm at. Goodnight.

[Sungai Pusat]

Which is Walmart. Well, why don't the other shops just lower their own prices then?

Because the other shops can't compete that low and still make a profit. With how widespread Wal-mart is they can have prices low but still turn a huge profit because they have money coming from everywhere.

If I heard, corporations do have some special advantages over smaller stores that lower their own costs. So, it is effectively chocking the smaller stores.

Anyway its 4 am where I'm at. Goodnight.

Good night. Hope the capitalist bug doesn't bite.

[Staenwald]

I don't live in USA in particular, but from wht I've seen, it has about one million workers, outlets in almost every city and town and seems to make a killing. Its prices are also quite low, which suggests that it is trying to drive out its competitors. And why have you asked that?

Everyone hates on Walmart in North America, it's the quintessential "evil corporation", "evilly" shutting out "good, honest competition" with lower prices and anti-union ways, it's the store that everyone goes to but everyone shuns. I don't shop there a lot because I hate the atmosphere. Too warehouse-y.

lol I thought this person was crazy, then i saw it was you and realised you were sarcastic. apart from the warehousy bit- and i sympathise if ASDA here in the UK, which is owned by walmart is anything to go on.

[Sociobiology]

Which is Walmart. Well, why don't the other shops just lower their own prices then?

Because the other shops can't compete that low and still make a profit. With how widespread Wal-mart is they can have prices low but still turn a huge profit because they have money coming from everywhere.
Anyway its 4 am where I'm at. Goodnight.

No Walmart makes a profit because they cut out middlemen, most other stores buy from a distributer who inter buys from the producers. Walmart figured out if they supply the transportation infrastructure and buy direct from the producer, they could save a lot of money one markup instead of two. I don't like their active union-busting but cutting out a thirdparty distribution system is a great idea.

[Georgism]

I am actually stunned that this thread is still ongoing.

[Staenwald]

Which is Walmart. Well, why don't the other shops just lower their own prices then?

Because the other shops can't compete that low and still make a profit. With how widespread Wal-mart is they can have prices low but still turn a huge profit because they have money coming from everywhere.
Anyway its 4 am where I'm at. Goodnight.

And sorry..why is this a bad thing?you knot that profit marguins on products in supermarkets are like 2%? They get all their money from the bulk. In this case i think they are an incredibly good service, they are certainly more efficient at getting food to people that any government hand out scheme could be.

The only issue i have with supermarkets is that they are seen to dupe the farmers on meat and milk, a farmer could be selling a chicken at a VERY low price. Now i also udnerstand that these chickens are produced in bad conditions. But i don't think it's entirely the supermarkets fault- the consumers want ever cheaper products, and the supermarkets are simply offering a service. And the meat isnt the best quality. If I can afford it I will alway try and buy meat from farm shops, so i know they are getting a good deal and I get the quality. Things work themselves out in a free market. The it entrepreneur led and consumer driven. the only thing that is stopping farm shops with good quality produce gettign a good share in the amrket is the fact that they are miles from anywhere and don't get much attention- they don't advertuise enough. I would love if farmers could run a cooperative store where I'd get my food straight from the farmer which i know the produce is good quality and they are getting a good deal. I don't object to cooperatives, but they should only appear through voluntary cooperation from individuals with shared interests, not created by any means of force, or government coersion.

[Staenwald]

I am actually stunned that this thread is still ongoing.

it'll go for a while longer- biggest question in histroy really...capitalism and socialism and it's explanations goes from the smallest details to the largest generalisations and includes morality, economics- everything you could think really...

[The Merchant Republics]

I am actually stunned that this thread is still ongoing.

it'll go for a while longer- biggest question in histroy really...capitalism and socialism and it's explanations goes from the smallest details to the largest generalisations and includes morality, economics- everything you could think really...

Also there is a notable lack of trolls in this thread, most of the time there would be a lock by now, there hasn't been a need. Economics otherwise is always a point of discussion, in it's minutia, so a topic on the two most popular philosophies will of course be long-lasting.

[Communist phil]

mixed economy!

[Sungai Pusat]

mixed economy!

Are you new to NSG? If you are, be prepared to actually tell us why.

[Communist phil]

mixed economy!

Are you new to NSG? If you are, be prepared to actually tell us why.

mixed economy allows for the simultaneous operation of publicly and privately owned enterprises. as of socialism, the common ownership , the problem of these is that the intervention or the government control of the means of production will have the tendency to have a bad effects because on my own opinion ,it will have a better results if there is a private ownership. a private individual has the full capacity to improve his business if he has the freedom to control his own. thus, he will get the greatest benefits, as for capitalism, means of production are privately owned, uncontrolled enterprise may support its own but it cannot do much good in the society and the people because it is a selfish system, s

[Beware the timegaters]

free market because a government tyrany is bad and case socialism and mixed economy will always fail look at the world right now!

[Noland10]

Explain why all the major economies are using mixed economies to cover up a market failure, then.

[Beware the timegaters]

Explain why all the major economies are using mixed economies to cover up a market failure, then.

because it makes a few of powerful people rich but makes everone else poorer cause of debt

[Sungai Pusat]

Are you new to NSG? If you are, be prepared to actually tell us why.

mixed economy allows for the simultaneous operation of publicly and privately owned enterprises. as of socialism, the common ownership , the problem of these is that the intervention or the government control of the means of production will have the tendency to have a bad effects because on my own opinion ,it will have a better results if there is a private ownership.

If you know that, why do you want government control over some means of production then? Doesn't really make sense.

a private individual has the full capacity to improve his business if he has the freedom to control his own. thus, he will get the greatest benefits, as for capitalism, means of production are privately owned, uncontrolled enterprise may support its own but it cannot do much good in the society and the people because it is a selfish system, s

Exactly, it is becas of the selfishness and the benefit to themslves that people form companies, groups and such that benefit both themselves and the group and company.

[Mercator Terra]

Wait, capitalism has a better economy? So THAT'S why we're in an economic crisis.
A capitalist economy may have rapid growth, but its unstable.
A regulated market is FAR more stable.

Were in a regulated economy