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Socialism is great (remember, this is the Jokes section!)

mrzurnaci

Active member
Etain said:
lol
I think socialism is just fine.

Economic socialism is a joke, the people are poorer than everyone else compared to the country.

You never read George Orwell's Animal Farm? Socialism usually devolves into Autocracy/Totalitarianism and or Dictatorship...

Capitalism, though flawed, is the most realistic economic system there is.
 

Etain

Member
mrzurnaci said:
Economic socialism is a joke, the people are poorer than everyone else compared to the country.

You never read George Orwell's Animal Farm? Socialism usually devolves into Autocracy/Totalitarianism and or Dictatorship...

Capitalism, though flawed, is the most realistic economic system there is.
What do you have to base this on?
Until the mass immigration,Europe was doing just fine.
With capitalism,you have all the money going to the top 1%. Why does being a CEO mean you need to make millions of dollars?
 

Kelba

New member
I know Ashoor said this is a joke thread, but economics is kind of my thing, and well:

Etain said:
What do you have to base this on?
Capitalism is the best way for a country to grow. If you need any evidence of this, just look up Deng Xiaoping. He threw away China's backwards economic system and switched them over to capitalism, and the rest is history. Not to mention the thousands of academic papers in economics on this subject...
Etain said:
Until the mass immigration,Europe was doing just fine.
Greece? Spain? They have been both declining for a long time. Basically the entire EU except Germany is doing terrible. Some countries like the Netherlands do fine, but they spend nearly 0% of their GDP on military because they know the US has their back. They can afford better social services for this reason
Etain said:
With capitalism,you have all the money going to the top 1%. Why does being a CEO mean you need to make millions of dollars?
CEOs generally have a lot of expertise and responsibilities, they are some of the hardest working people. CEOs don't magically get picked to do nothing for multi-billion dollar companies. Sure there always corruption, and regulations can be used to curb it (like Glass-Steagall Act). No economic system is perfect, but capitalism is BY FAR the best balance of being fair and leading to productivity.

Capitalism is also the only economic system to provide incentives for individuals to go out of their way to be innovative and invent new things. Why? Because they can make a ton of money. There isn't another system that comes even close to competing against capitalism on this front.
 

mrzurnaci

Active member
Etain said:
What do you have to base this on?
Until the mass immigration,Europe was doing just fine.
With capitalism,you have all the money going to the top 1%. Why does being a CEO mean you need to make millions of dollars?

Piggybacking off what kelba said, Socialism has been around around for 200+ years and still holds no water to Capitalism.

Capitalistic system of USA enabled it to grow into a world power in 200+ years.

Europe's socialism model on the otherhand has made it broke, do I even need to mention Greece?
 

Etain

Member
Kelba said:
Capitalism is the best way for a country to grow. If you need any evidence of this, just look up Deng Xiaoping. He threw away China's backwards economic system and switched them over to capitalism, and the rest is history. Not to mention the thousands of academic papers in economics on this subject...Greece? Spain? They have been both declining for a long time. Basically the entire EU except Germany is doing terrible. Some countries like the Netherlands do fine, but they spend nearly 0% of their GDP on military because they know the US has their back. They can afford better social services for this reason CEOs generally have a lot of expertise and responsibilities, they are some of the hardest working people. CEOs don't magically get picked to do nothing for multi-billion dollar companies. Sure there always corruption, and regulations can be used to curb it (like Glass-Steagall Act). No economic system is perfect, but capitalism is BY FAR the best balance of being fair and leading to productivity.
It leads to stagnation.Corporations try to get rid of those that innovate because it will put them out of business. Employers pay so little minimum wage earners can't live off their wages.It just funnels money to the top.

Kelba said:
Capitalism is also the only economic system to provide incentives for individuals to go out of their way to be innovative and invent new things. Why? Because they can make a ton of money. There isn't another system that comes even close to competing against capitalism on this front.
Load of crap.As I stated before.They get monopolies and become irresponsible and pollute.
 

Etain

Member
mrzurnaci said:
Piggybacking off what kelba said, Socialism has been around around for 200+ years and still holds no water to Capitalism.

Capitalistic system of USA enabled it to grow into a world power in 200+ years.

Europe's socialism model on the otherhand has made it broke, do I even need to mention Greece?
We grew into a world power because of our natural resources,location and the sheer number of people we have.
Explain how Greece is "socialist" and how this led to their downfall.
 

Cascade

Active member
Funny, I always happen to forget the meaning of socialism and capitalism. I read their definition and in the next day I either forgot the definition or confuse the two...Lol

 

mrzurnaci

Active member
Etain said:
We grew into a world power because of our natural resources,location and the sheer number of people we have.
Explain how Greece is "socialist" and how this led to their downfall.

Greek banks were under the Euro-Union which uses the socialist model. EU has been running out of money which affected the weak Greek banks.

USA didn't always have its sheer number of people, location, and resources.

It had to fight and secure it.

Wealth from economy gives the country the power to afford better security and a well equipped military; the military is then used to secure territories and advanced interests in order to expand its economy.

It's a cycle...

How else did the Assyrian empire become powerful? An economy that fed an army that allowed said army to defend its economy that it was fed from...

I know there's more factors than that but economy was a very strong factor alongside the army.

I've already talked similarly before about the pros and cons of both capitalism and socialism....


Capitalism:
Allows prices to find their own place in the market, but is also likely to see speculation on certain things at certain times, meaning prices for a certain stock could rise rapidly before collapsing as speculators take profit.

It also promotes a society where reward in more in connection with acheivement and people can move up in terms of affluence. There is also relative freedom in most capitalist economies, and the wider society. Governments tend to be more accountable as well, but taxation increases over time and stifles economic growth because the government needs to fund increasing social welfare.

Communism:
Essentially most property and wealth producing assets are controlled by the State. This can allow for the better allocation of resources, but this is practically rarely true.

People are paid equally and there is little incentive (or opportunity) for enterprise and reward for those who acheive well and this stifles creativity, inventiveness and entrepreneurship.

Because most people aspire to some sort of personal reward for acheivement, this sort of system generally requires suppression of freedoms and information, and a limit as to how much people can move around.

Communist governments are generally corrupt and dictatorial, and there is little public accountability. Taxation is generally high, and exploitation can also be a problem

Socialism:
Socialism attempts, at least in part, to meld elements of each of the previous two together. The methods by which it is done has varied widely, and had some long term success. labour governments in Britain and Australia, and socialist governments in France all practice socialism.

Taxation and social welfare rates are high, and there is generally an increase in tax burden over time. Socialism essentially involves taking a greater percentage of the wages of those who can work to support those who can't or won't work.

Government control is high, and there is a significant trend towards expensive social engineering programmes.
 

Etain

Member
mrzurnaci said:
Greek banks were under the Euro-Union which uses the socialist model. EU has been running out of money which affected the weak Greek banks.

USA didn't always have its sheer number of people, location, and resources.

It had to fight and secure it.

Wealth from economy gives the country the power to afford better security and a well equipped military; the military is then used to secure territories and advanced interests in order to expand its economy.

It's a cycle...

How else did the Assyrian empire become powerful? An economy that fed an army that allowed said army to defend its economy that it was fed from...

I know there's more factors than that but economy was a very strong factor alongside the army.

I've already talked similarly before about the pros and cons of both capitalism and socialism....


Capitalism:
Allows prices to find their own place in the market, but is also likely to see speculation on certain things at certain times, meaning prices for a certain stock could rise rapidly before collapsing as speculators take profit.

It also promotes a society where reward in more in connection with acheivement and people can move up in terms of affluence. There is also relative freedom in most capitalist economies, and the wider society. Governments tend to be more accountable as well, but taxation increases over time and stifles economic growth because the government needs to fund increasing social welfare.

Communism:
Essentially most property and wealth producing assets are controlled by the State. This can allow for the better allocation of resources, but this is practically rarely true.

People are paid equally and there is little incentive (or opportunity) for enterprise and reward for those who acheive well and this stifles creativity, inventiveness and entrepreneurship.

Because most people aspire to some sort of personal reward for acheivement, this sort of system generally requires suppression of freedoms and information, and a limit as to how much people can move around.

Communist governments are generally corrupt and dictatorial, and there is little public accountability. Taxation is generally high, and exploitation can also be a problem

Socialism:
Socialism attempts, at least in part, to meld elements of each of the previous two together. The methods by which it is done has varied widely, and had some long term success. labour governments in Britain and Australia, and socialist governments in France all practice socialism.

Taxation and social welfare rates are high, and there is generally an increase in tax burden over time. Socialism essentially involves taking a greater percentage of the wages of those who can work to support those who can't or won't work.

Government control is high, and there is a significant trend towards expensive social engineering programmes.
I don't agree with your takeaway on socialism,but that is a very detailed and objective summary.
However,you are wrong to say we have high government control in the US. We really don't.Big business gets away with more and more all the time.
 

mrzurnaci

Active member
Etain said:
I don't agree with your takeaway on socialism,but that is a very detailed and objective summary.
However,you are wrong to say we have high government control in the US. We really don't.Big business gets away with more and more all the time.

That's why those companies and businesses usually disappear in the future because they turned themselves into pariahs by doing immoral business practices.

Btw, I think we should get back to the topic that this is the jokes section ? ?? ?
 
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