Capitalism vs. Socialism - Pros and Cons

  • Posts 224

Perplexed created the topic: Capitalism vs. Socialism - Pros and Cons

Here, in the U.S., Capitalism is touted as the greatest economic system to come down the road since sliced bread. Really? What about Socialism? Not necessarily the Communist type, but more in line with some European Governments, or maybe even Singapore. Any thoughts in comparison of the two, which have been at odds for quite a long time?

#1
  • Posts 242

fireme replied the topic: Capitalism vs. Socialism - Pros and Cons

If socialism was doled out through the hands of someone who actually cared about the common man, it could be a very good thing.

The money based capitalism system we have now in the U.S. is doomed to fail in my opinion.

It's a house of cards.

#2
  • Posts 224

Perplexed replied the topic: Capitalism vs. Socialism - Pros and Cons

fireme wrote: If socialism was doled out through the hands of someone who actually cared about the common man, it could be a very good thing.

The money based capitalism system we have now in the U.S. is doomed to fail in my opinion.

It's a house of cards.


That's just it. For example, Socialized Medicine, why can't America approve its passing? The answer is simple, the need for private insurance carriers. Just like Obamacare, with private insurance companies managing the books, the system is failing due to the need for profit. With Socialized Medicine, the private carriers would be eliminated, along with the exorbitant costs for administration, the real culprit in driving up healthcare costs. Abolish the private companies with CEO's making astronomical salaries and bonuses, and voila!, cheap healthcare. Our Government refuses to do this. Instead, it suggests HCA's, which won't work, never have.

#3
  • Posts 19

Dunlop replied the topic: Capitalism vs. Socialism - Pros and Cons

I agree that a form of modified Socialism would be a good thing for the U.S. With Our brand of Capitalism, really cutthroat, a normal person doesn't have an iota of a chance to succeed, I mean in the "Hollywood or Donald Trump" sense. Either one has to be extremely gifted or extremely lucky to make it "Big" and have a halfway decent life. A Reformed Socialist system might be more equitable.

#4
  • Posts 242

fireme replied the topic: Capitalism vs. Socialism - Pros and Cons

I like the way you guys think. Most people don't want to go there because they still equate socialism with the socialist leaders of the past. You can have good leaders who can make that system work. Look at Canada. If they can make socialized medicine work, we can.

#5