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Old 08-07-2009, 10:51 PM   #1
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Default What is the best economic system?

What in your opinion is the best economic system? Not what is hypothetically the best, but what in reality is the best. Feel free to explain why as well.
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Old 08-08-2009, 07:04 PM   #2
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Default Re: What is the best economic system?

I would love to get in on this topic, however I do not have the experience required to give you a proper discussion.
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Old 08-10-2009, 12:00 PM   #3
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Default Re: What is the best economic system?

Well the one we have here. The Capitalist one. We work and we get pay then they get pay
they get rich and we get the means to survive. Not a bad thing, tho it is always better to be on the minority class that rules this country.

Tho i am a firm believer of communism as long as a competent leader (me lol) leads the pack we shall be fine. lol
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Old 08-10-2009, 02:29 PM   #4
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Default Re: What is the best economic system?

Capitalism is, in my opinion, the best, because usually it's consistent in it's representation of the people.

Socialism, on the other hand, gets a bad rep. The government controling everything is only bad if you have a bad government. So, it's a difficult system to work out.

Communism is good in theory, but has shown itself to be bad in practice.
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Old 08-10-2009, 02:36 PM   #5
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Default Re: What is the best economic system?

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Originally Posted by itachiuchiha85 View Post
Well the one we have here. The Capitalist one.
As I understand you, you're in America like me. We're a Socialist Republic, not a Capitalist Democracy. You're thinking of somewhere like Mexico.

We tend to use the words alot to get people riled up, which tends to be the source of the confusion.
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Capitalism is, in my opinion, the best, because usually it's consistent in it's representation of the people.

Socialism, on the other hand, gets a bad rep. The government controling everything is only bad if you have a bad government. So, it's a difficult system to work out.
That's not what Socialism is. Socialism is like a half way Capitolism, where the government steps in to keep the peace, break up monopolies, and support the economy in the long term through investment, etc.
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Communism is good in theory, but has shown itself to be bad in practice.
There's been like a handful of actual Communisms in human history, atleast on a large, country scale. Countries like Nazi Germany and it's like, which I'm using as the example of what I take it you're referring to, were not Communisms. They were Totalitarian Dictatorships that said they were Communisms because Marx said that was the best thing you could be. North Korea, for example, is not a Communist society.

There were provinces of Spain that pulled it off for awhile, and it went pretty well. Then they got attacked .
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Old 08-10-2009, 02:55 PM   #6
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Default Re: What is the best economic system?

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As I understand you, you're in America like me. We're a Socialist Republic, not a Capitalist Democracy. You're thinking of somewhere like Mexico.

We tend to use the words alot to get people riled up, which tends to be the source of the confusion.

Well we might not be total capitalist but that is what we supposedly represent. I know the government thinks of socialism as a bad thing and well i dont think it is. But i still like communism better. We are a mix of socialist and capitalist, tho the word capitalist gets thrown out a lot more than socialist. And the reason being is because of what you stated.
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Old 08-10-2009, 03:05 PM   #7
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Default Re: What is the best economic system?

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Well we might not be total capitalist but that is what we supposedly represent.
That was before either of us were born, though, so you'd need to make 'represent' 'represented' . Government provided health care is the anti-Capitalist agenda .
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Old 08-10-2009, 03:16 PM   #8
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Default Re: What is the best economic system?

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That was before either of us were born, though, so you'd need to make 'represent' 'represented' . Government provided health care is the anti-Capitalist agenda .

That might be true, but our wealth is owned by a small group compared to the population. Correct me if i am wrong but Big businessmen run this country. We are at war because of the economy, not because of patriotism. Yes the government gets us, or at least tries to, health plans, food plans and such. That is why i derived to the part that we are a mix of capitalist and socialist. While true capitalism is dead and really doesnt exist anymore we are recognized around the world as a capitalist nation, tho i think this is a stereotype towards america because we seem to love money more than our own lives.
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Old 08-10-2009, 03:29 PM   #9
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Default Re: What is the best economic system?

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Correct me if i am wrong but Big businessmen run this country. We are at war because of the economy, not because of patriotism. Yes the government gets us, or at least tries to, health plans, food plans and such. That is why i derived to the part that we are a mix of capitalist and socialist. While true capitalism is dead and really doesnt exist anymore we are recognized around the world as a capitalist nation, tho i think this is a stereotype towards america because we seem to love money more than our own lives.
Alright, the corrections-

Saying that anyone runs the country besides the government representing the people would require adequate support, because the former is the official stance. You can't just say the Illuminati controls us without backing it up .

You can say we're at war because of any number of reasons, but that's a bigger claim that'd need support, and would derail the thread.

And again, you don't say things like 'a mix of Capitalism and Socialism,' because Socialism is already part Capitalism. That's like saying "We're a hybrid electric car that also uses electricity." It's already in there.

As for the stereotype, internationally, the stereotype of American's is alot worse than you describe, but rarely do they call us on being Capitalists (we have them shout that at us in our movies, which is where the idea comes from, and the actual negative stereotype comes into play ). They're alot better educated than we are on the whole, so they were actually taught the difference and know better .
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Old 08-10-2009, 03:57 PM   #10
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Default Re: What is the best economic system?

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Alright, the corrections-

Saying that anyone runs the country besides the government representing the people would require adequate support, because the former is the official stance. You can't just say the Illuminati controls us without backing it up . (fact: Tobacco Economy
Tobacco Agriculture, 1997 Cash receipts from tobacco, $2,885,663,000
Overall tobacco manufacturing, $23,930,000,000
Excise Tax
Federal and state taxes as a percentage of retail price, 31.5%
Annual gross tax revenue, from cigarettes (federal) $7,306,959,000
and that was from 1997! imagine now? and it is just in a year from tobacco taxation alone, something that kills more people than anything else in this country (which is another fact) and it hasnt been outlawed, why? because money makes this country wiggle. And this is just one of the many Big businesses that run this country. I am not naming alcohol, pharmaceutics, or the petroleum industries.)


You can say we're at war because of any number of reasons, but that's a bigger claim that'd need support, and would derail the thread.(agreed)

And again, you don't say things like 'a mix of Capitalism and Socialism,' because Socialism is already part Capitalism. That's like saying "We're a hybrid electric car that also uses electricity." It's already in there.(then i ask you this, why is socialism and capitalism 2 different words with 2 different meanings? There are classes of both socialism and capitalism. This country is still owned by the 1 percent, not the bottom 80 percent, correct? So in essence we are still capitalist.)

As for the stereotype, internationally, the stereotype of American's is alot worse than you describe, but rarely do they call us on being Capitalists (we have them shout that at us in our movies, which is where the idea comes from, and the actual negative stereotype comes into play ). They're alot better educated than we are on the whole, so they were actually taught the difference and know better .(well i know you been to different countries, but have you ever traveled through south america? if you have you should know what i mean when i said that stereotype. Japan and the wealthy countries from europe might think of us differently but the majority, if not all of america thinks we are capitalists. take a stroll through mexico, argentina and brazil. you'll see it.)
Do you think that communism will eventually work like it's suppose to?

edit: to the statement about the tobacco, the reason i gave you that one is because there has been instances that the people have wanted for tobacco to be outlawed, but it hasnt happened.
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Old 08-10-2009, 04:38 PM   #11
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Default Re: What is the best economic system?

Quote:
(fact: Tobacco Economy
Tobacco Agriculture, 1997 Cash receipts from tobacco, $2,885,663,000
Overall tobacco manufacturing, $23,930,000,000
Excise Tax
Federal and state taxes as a percentage of retail price, 31.5%
Annual gross tax revenue, from cigarettes (federal) $7,306,959,000
and that was from 1997! imagine now? and it is just in a year from tobacco taxation alone, something that kills more people than anything else in this country (which is another fact) and it hasnt been outlawed, why? because money makes this country wiggle. And this is just one of the many Big businesses that run this country. I am not naming alcohol, pharmaceutics, or the petroleum industries.)


Tobacco makes alot of money for it's respective companies, but almost pales in comparison to the amount of tax money the government generates from it undivided, unlike the different companies are. So in this example, the government still wins . Thank You For Smoking is a great movie, btw.
Quote:
(then i ask you this, why is socialism and capitalism 2 different words with 2 different meanings? There are classes of both socialism and capitalism. This country is still owned by the 1 percent, not the bottom 80 percent, correct? So in essence we are still capitalist.)
Think of them as on a lateral scale, which they are. Think of Capitalist as 100% Capitalist, and Socialism as 50% Capitalist. You wouldn't say we're a 50% and 100% economy, would you? Like you wouldn't say a country's a Democratic Communism. They're on a lateral scale.

And the last statement is false because you're using an economic system to describe a governmental one, and not backing up the 'owned by' part.
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(well i know you been to different countries, but have you ever traveled through south america? if you have you should know what i mean when i said that stereotype. Japan and the wealthy countries from europe might think of us differently but the majority, if not all of america thinks we are capitalists. take a stroll through mexico, argentina and brazil. you'll see it.)
As I stated previously: I'm simultaneously saying that stereotype's from movies, and the 'majority of Americans' in your example don't know what Capitalism means, like in your post a few up.

I don't know anyone from any of the Central, or South, American countries that think we're Capitalists, though all acknowledge the the 'idea' of 'go Captilalism!' stemming from entertainment drawing on Marxist books in their heyday of popularity.
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Old 08-10-2009, 05:15 PM   #12
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Default Re: What is the best economic system?

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Tobacco makes alot of money for it's respective companies, but almost pales in comparison to the amount of tax money the government generates from it undivided, unlike the different companies are. So in this example, the government still wins . Thank You For Smoking is a great movie, btw.
Think of them as on a lateral scale, which they are. Think of Capitalist as 100% Capitalist, and Socialism as 50% Capitalist. You wouldn't say we're a 50% and 100% economy, would you? Like you wouldn't say a country's a Democratic Communism. They're on a lateral scale.

And the last statement is false because you're using an economic system to describe a governmental one, and not backing up the 'owned by' part.
As I stated previously: I'm simultaneously saying that stereotype's from movies, and the 'majority of Americans' in your example don't know what Capitalism means, like in your post a few up.

I don't know anyone from any of the Central, or South, American countries that think we're Capitalists, though all acknowledge the the 'idea' of 'go Captilalism!' stemming from entertainment drawing on Marxist books in their heyday of popularity.
Tobacco does make a lot of money for the government which is the reason that is still legal proving the point that we are still capitalist, not fully but we still are.

I guess you can say that but 30 years ago someone would have not understood you if you said what a hybrid car was. to them it would have been either diesel or gasoline, not electric. The economy has been a hybrid of socialism and capitalism for the past 60 years it has not been totally socialist or capitalist. So we are a scale but not a 100 and 50. not even 50 50, we move the weight of each system as we see fit.


"Capitalism typically refers to an economic and social system in which the means of production (also known as capital) are privately controlled; labor, goods and capital are traded in a market; profits are distributed to owners or invested in new technologies and industries; and wages are paid to labor

Capitalism is an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

Socialism: the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole."

You put those 4 together that is what we have right now. Or so it seems. Then again i could be totally wrong, what do i know about the economy system


What kind of south americans do you know?! lol

anyways we are getting carried away.

I still like communism. It just needs to be pulled through the way it's suppose to.
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Old 08-10-2009, 05:37 PM   #13
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What in your opinion is the best economic system? Not what is hypothetically the best, but what in reality is the best. Feel free to explain why as well.
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Old 08-10-2009, 07:43 PM   #14
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Default Re: What is the best economic system?

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Tobacco does make a lot of money for the government which is the reason that is still legal proving the point that we are still capitalist, not fully but we still are.

I guess you can say that but 30 years ago someone would have not understood you if you said what a hybrid car was. to them it would have been either diesel or gasoline, not electric. The economy has been a hybrid of socialism and capitalism for the past 60 years it has not been totally socialist or capitalist. So we are a scale but not a 100 and 50. not even 50 50, we move the weight of each system as we see fit.


"Capitalism typically refers to an economic and social system in which the means of production (also known as capital) are privately controlled; labor, goods and capital are traded in a market; profits are distributed to owners or invested in new technologies and industries; and wages are paid to labor

Capitalism is an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

Socialism: the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole."

You put those 4 together that is what we have right now. Or so it seems. Then again i could be totally wrong, what do i know about the economy system


What kind of south americans do you know?! lol

anyways we are getting carried away.

I still like communism. It just needs to be pulled through the way it's suppose to.
yeah totally agree...word for word.
and may i add...
capitalism since it is mainly characterized by private ownership tend to abuse labor in different ways. private ownership results to greed to have more. and the rich go rich and the poor go poorer.
capitalism is rotten and will later on meet its end giving way to socialism...
capitalism is for the selfish...
socialism is mainly collective effort to improve the way of life of a group, a country...
communism is where we find peace...it is the highest form of economic and social system...
(some tried it but failed because of selfishness...you can never attain socialism then communism unless we learn selflessness...)
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Old 08-10-2009, 10:59 PM   #15
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Default Re: What is the best economic system?

Quote:
Originally Posted by Err View Post
Cake. If everybody just had some cake everyone would be happy --no exceptions.
If I can have Pie instead I will support this statement.
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