Communism vs. Capitalism, which is really better?

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Gethsemani_v1legacy

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spartan231490 said:
I'm not saying that being successful is any valid measure of life quality, I'm saying that the struggle is what makes life worth living. The whole "pursuit of happiness" part is exactly what I'm talking about.

The communist system also makes the majority of people join the workforce with little say what to produce. The same commodities must be produced with the same methods, and therefore the same number of workers must help. The world needs it's factory workers, and it's janitors. tehy still exist in communism, but they get screwed cuz they're payed the same for a much crappier job. Communism still makes the workers interchangeable assets, but instead of a company, it's the government.

At least in capitalism you can strive to go somewhere, and if you do your job better than someone else, you get more money, a tangible proof of your success and a reason for pride. In communism, you don't even have that luxury. Let me put it to you this way. If every person is payed the same, regardless of what they do, that sends the message that all of those people is worth exactly the same thing. This devalues the individual, because he has exactly the same value as any other.

Perhaps communism's greatest downfall is that it eliminates the individual drive to succeed and grow because it eliminates the most tangible reward of your efforts, and sends the message that the one who works hard and is the best at what he does, is no more valuable than the person who sleeps through half his shift, and who doesn't even really do his job. Without this drive to better yourself, the civilization would stagnate, leading to lives becoming nothing more than a dull, monotonous, pointless existence.

In short, it isn't the money that makes a life better, it is the drive, and feeling of success and pride(self-value) that makes life better. Without the drive to be better, we lose what it means to be human, and replace it with our only value being a part of humanity.
So you are saying that success is a measure of life quality. By implying that the struggle to be succesful is what brings happiness you are saying that life quality can only be achieved through it. Something that I think most people can disprove for you. I am not arguing that accomplishing something doesn't bring happiness and satisfaction, but I am arguing that success can be more then just getting a better paid job or a job with higher prestige.

Besides, you are building a strawman of communism that simply wouldn't work anywhere ever. The ideal communism as defined by Marx calls for the workers to own the means of production (as opposed to having a specific class of people that owns the means of production). This means that you are not told what to produce by your boss, the collective decides what to produce and do it. There are plenty of examples around the world where collective decision making has been shown to work, so this is hardly something impossible.

Furthermore, there would still be such a thing as success in communism. But instead of measuring it with how far up the corporate lader you can go it would be measured in other things. A good worker with a knack for organizing could become the foreman for example. A good healthcare worker might progress from nurse to doctor. This is before we even go into the territory of redefining what success and achievement is. Arguably, there are far more values in life then just career and wealth (I for one derive far more satisfaction from my job as a nurse because I get to help people then I do from a better paying job in logistics).

You make the mistake of assuming that equality somehow would take away individual worth. Which is exactly what it doesn't. What equality does is that it doesn't force people to value themselves and others on a relative scale of success where wealth and prestige are the main attributes. I am sorry, but I simply can't see how the captialistic system with its' "disposable asset" attitude towards the workforce could be promoting individual worth more then a system custom-tailored to promoting the worth of the individual no matter who they are or what they do.
 
Jul 13, 2010
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Both systems are pretty bad in long the run.

Communism is theoretically great, but its also impossible to implement properly, what with societies being made up of human beings, all of whom want and think different things. The only way genuine Communism can genuinely work is if you violently enforce it, which is a price to high to pay for the system. I do, however, personally prefer Communism to Capitalism, which brings me too:

Capitalism is, to put it very simply, based on the idea that everyone is constantly competing with everyone else to be the best, AKA survival of the fittest. This those few who win get comfortable lives at the top. The many who loose get pushed to lives of poverty and hunger at the bottom. The rest are sandwiched in between in the middle class. The majority suffers in a capitalist system, you few gain. Its a system the benefits the few and punishes the many. Plus, in the long term, the unbridled greed destroys the economy, as we have seen in two economic collapses in the U.S.A.

Really I'd say Socio-Capitalism is probably the best system, functioning via high tax rates and government controlled markets to ensure that, as far as possible, there is equality.
 

New York Patrick

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Trolldor said:
Yeah, and look how that turned out.
Yes, we should all take our assessments of political and economic philosophies from video games. This just in, Communists can build giant tesla towers of doom because I saw it in Red Alert![/quote]

The difference being that Red Alert is a near-parody science fiction RTS, and Bioshock is based heavily on the literary works of Ayn Rand...
 

emeraldrafael

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Drake_Dercon said:
I could see a version working.
A version perhaps, but not true communism. Remember, there's no true Capitalism, cause one of the key points of it is a free market without government intervention, and so far as I know, none of those exist anywhere.

Seeing as how both of these are more economic views (otherwise this owuld have to be a democracy vs. Communism in which the former can be an abysmal mess and the latter simply cant exist), I believe Capitalism on the whole is better then Communism.

So, saying that, I would saw it all really rather depends on the society and stage in which your country exists. Capitalism inspires growth, as its about evolution, in a round about way. So you'll have businesses fight and tear at each other, trying to gain that piece of the pie, making oyur country and economy stronger, as long as you have everything you need in your country and your gov. remains stable. Once you get strong enough and are still self reliant (because if you mix external/internation trade, the equation gets thrown out of balance as I'll show later), and your people are in a Utopian like society, communism can be obtained and practiced so that all of your citizens are happy and equal.

However, the problem is that Communism is defeated by human greed, while Capitalism isnt so much ruined by our nature, but rather a compromise to it. Its like its saying, "hey, I knwo you're human, and you're all fucked up on some level. So you know, lets use that. You can be fair and equal and still get ahead, sure. But if you'd rather, you can just be vicious bastardly cutthroats and tear into each other. The stronger one will find themselves at the top, and new business can enter and leave as they choose."

Lets take communism and capitalism on a small scale. We'll view two towns, Com Town and Cap Town.

In Com town, the citizens all want to be equal. They want everything split fairly and reasonably, so that everyone may be on the equal footing. There's no need for a board to watch something, and everyone uses their skills, making each sector of business and its sub sectors monopolies. The baker is the only baker, and he bakes bread for everyone. The farmer is the only farmer, and he grows crops for everyone, on equal sized land. The child care forer is the child care forer, and she cares for all the children, including hers, all of whcih the families have equal number, so as no family is to go hungry and no family has excessive surplus of things like food because they only have one child while the family next to them has five. Now, we have Tom, who is the miner. he mines the coal for everyone. One day, he goes to mine, and finds gold. Now, he likes gold. He's never seen it before, doesnt know if more exists. He thinks it would look pretty for his wife, or maybe his daughter. Perhaps a good inheritence for his son. But he has to share, by law of communism. What does he do? Lie, and go against it, satisfying himself? or does he show what he's found and have it thrown away, as its too small to break up evenly for everyone to have equal share. Tom decides to keep it, and someone finds out. Outbreaks start, everyone is selfish. The Bread maker keeps his bread, the farmer his crops, the child care forer doesnt watch the children. Because everyone is equal, and no one has the same skill as another so competition doesnt exist, those who can not grow/make food starve, those that can not build can not fix their homes. In the end, everyone dies, and thats because one person is greedy.

Now, lets look at Cap Town.
Cap town encourages its citizens to grow. To compete and let the market decide what happens. Price dictates equilibrium, and those in the market compete for profit. Everyone has the chance to get in, and anyone can do anything they choose. Susie no longer wants to be a receptionist. She wants to be a manager, or hell, a CEO. So she does and goes to do it, leaving her receptionist job. Wanting the same job are three other women, as well as two men. Susie must make herself stand out, so she works on her skills and enhances them, bettering herself. Sure, maybe she doesnt get the job, but she's better for it, and can start her own business, which has the potential to either fail or reign king (or in this case, queen). Johny wants ten kids (god knows why), but Mark down the street only wants two. Both get waht they want, but Johny has to feed his. So he buys more, no letting the food go to waste between the 12 of them (kids plus parents). But lets say he cant. Should Mark have to give up his food so its fair with Johny's large family? Hell no, johny should have kept it in his pants. Cap town eventually breeds the strongest, letting people use as much of their greed as the choose, letting only their personal restraints restrict what they can and can not do, as well as the skills the people can choose to learn, or choose not to.

While people in Cap town may suffer some, they are happy, and fulfilling their goals. Assuming of course in both towns there are no crimes committed.

When you add international trade, it gets worse for Communism, since no country has EVERYTHING they need to produce in their country's lands.

Lets say Cap Town and Com Town have a mutual neighbor town (Coap Town) and friend that both trade with, and the town acknowledges both forms for trade, practicing each form for its respective user. Com Town cant produce steel items, and needs Coap town to trade them their wares in exchange for say... um... I dontk now... oranges (dont ask how they equal). Coap town must now produce enough steel for its country, and to trade with Cap town who will trade with them Apples for their steel. So to trade with Com Town, Coap Town must produce enough steel for all the uses its 700 citizens want, the steel any of the uses the Citizens of Cap town that can afford it wish to have, and the 500 citizens of Com Town, who all must have enough steel for their uses. Without Cap Town, Coap town must make 1200 citizen's worth of steel, and only be traded the amount of oranges so that its enough for all of its citizens to equally share. THere's no profit, no real incentive, because you dont gain anything and you are doing basically double (triple with cap town) work so that you can trade foreignly with just three towns in the picture.

However, if Coap Town trades with Cap Town, the people who have apples will give Coap town more apples, letting them sell and make profit. In return, not so much work is down for the people that make steel, because they only have to sell to those who can afford it in cap town who themselves will see it back. So lets say only 50 people of the 800 in Cap Town can afford steel, and they wish to sell 150 people's worth of steel for profit. Thats only 900 people's worth of steel that must be made by the Coap Town. And profit is given. Coap Town residents have a surplus, of apples. some can have more then others, or use it to sell to others in exchange for items of worth in surplus that dont need to be destroyed, since not everyone has to be equal.

Summing up: while neither has ever had a REAL example ever shown, Capitalism in Practice and theory makes more sense. Its all free market. The Market decides itself, and balances. At your worst you're in a constant state of evenness thats broken up by only a few periods of Surplus or Scarcity. It forces the people that follow it to be stronger, to be self assertive, and more knowledgible. WIth more skills the person can do more, and get further ahead. it also opens up so that anyone can join in, and keep what they find/make.

With Communism, everything is equal. Its a sociological stop in terms of evolution, as no one betters themselves, or aspires to change. Everything is shared, so if something cant be its destroyed. Say you cant read, that means books must be destroyed, because you are in capable of reading, and everyone must be at your level.

But thats just my opinion.
 

New York Patrick

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Faine said:
Communism. I think. Whilst it certainly hasn't worked out in the past, that seems to be due to leaders that have completely screwed it all up. You could argue that this would only happen time and time again, but I like to be optimistic.
Yes, because atleast a century of Dictators, hypocratic tyranny and imbalance, personal freedom and human rights violations, murder, genocide, sheer public abuse by secret police, war, economic depression, military unrest, MORE war, and atleast three 'almost' nuclear apocalypses were all just because of a 'few bad apples.' Communism is a system that may seem to work out on paper, but in practice, has more terrifying loopholes for crap like that to happen in than any other system of government in modern practice... except maybe for a theocracy... oh I just don't want to go there right now...
 

hecticpicnic

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Communism is the ultimate destination the most ideal idelogogy.Yet captitalism is the easier option and has less chance of corruption.Cuba is doing pretty good.When all countries unite as one where there is no inequality that is when Communism will work.I like socailist republic which is like a better constructed demorcasy.Benifits are given too those who need it, tax is based on income.And its run by not one person but a board for each section of government.Captitalism dosn't really work its always gonna be slightly broken.
 

Ciaran Lunt

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comunism is like sleeping with 90 women simultaneously it sound awesome but try and sort it out. everything in moderation too much either way and you just supress the masses in a dictatorship i can genuinly see this in america if your not carefull.
 

Midnight Crossroads

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I'd rather be a capitalist in capitalist society than a communist in a communist society. Although I'd rather be a communist in a communist society than a worker in a capitalist society.
 

New York Patrick

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Axzarious said:
Humanity is the essential flaw to both.
Incorrect. Humanity cannot be the flaw in a political system. Ideal political systems are supposed to support humanity to their full potential and allow society to function properly. If something doesn't work because of a human presence, than IT is what is flawwed. This is why communism doesn't work:

Human are by nature selfish, greedy, violent, aggressive, intelligent, manipulative creatures. We are only modivated to improve our own lives. This is why we have cities, cars, history, etc. and other animals don't. Those traits are why we have survived and prospered for so long. We are self surving.

Now, while we serve our interests, there are different levels of interests to fulfill.
(I am refering here to Maslow's hierarchy of needs. see: http://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs)

Now, communism encourages us to REJECT fulfilling our own interests. Imagine why that idea might now work well...
 

bad rider

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Trolldor said:
False corrollary. The opposite to Communism is democracy.
No, the opposite of communism is Fascism <-- this is wrong ignore this part. The opposite of Democracy is either a dictatorship or anarchy, as Democracy is in the middle of the spectrum.
 

New York Patrick

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hecticpicnic said:
Communism is the ultimate destination the most ideal idelogogy.
No. Communism is a lie. A dream. A lazy, fantastic Utopia where everyone works hand in hand and prance around in a god damned meadow.

Capitalism isn't. It is reality. It is hard, bitter, unfair at times, but it is grounded in truth: You get only what you earn, and you're going to have to fight to keep it. The hard working and determined survive and prosper.
 

Sexy Street

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I like to take the berlin wall as an amazing example of communism versus capitalism. If communes is so good, then why were people jumping out of buildings simply to get to the west (capitalist) side of the wall?
 

Burningsok

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I see a lot of you here have the socialist idea in mind. A mild version of it I mean. That's fine, however; I just find it to be a bad idea even when people claim that capitalism is filled with corrupt money hungry war mongers. The fault not only seems to fall on the government, but the citizens as well. The citizens become a bit to dependent on the government to sort out their problems. Also, they seem less likely to take responsibility for their own actions hence the ability for a random person to complain about anything and getting it their way, usually.

Obviously this is just my opinion, and I probably won't change anyone's mind which I don't exactly intend to do anyways.
 

BlumiereBleck

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Souplex said:
Capitalism is better for one simple reason: It has a goal.
In Communism everyone goes around being equal, and as a result they don't work towards anything.
In Capitalism the goal is to own the universe.
*hand shake* For once we agree. And why is this not IN THE RELIGION AND POLITICS SECTION!!! Also Capitalism allows people who WORK to actually be rewarded.
 

CrystalShadow

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UberNoodle said:
CrystalShadow said:
Uh, there's one massive flaw in these discussions:

Communism is a political system (eg. a form of government)

Capitalism is an economic theory (eg. A way to distribute wealth)

Granted, Communism draws it's inspiration from economic and social theories written by Carl Marx, but fundamentally it is like comparing apples and oranges.

Want proof?

China. - China, in a practical sense, is a capitalist communist country.

If they were really opposites, that would be impossible by definition.


The trouble with economic theory, is that we simply don't have any real alternatives to Capitalism.

Communist countries tend to go with a 'control economy', but that rarely works.

It's based on the idea of a central authority deciding what should be produced, but there doesn't seem to be anyone capable of working that out effectively.

Capitalism meanwhile, for all it's faults, is largely self-regulating. Barring certain issues of fairness and short-term stability, a capitalist economy is capable of sorting itself out without any central planning.

That' the main reason why it's successful at all.
What do you think of the Venus Project. Sure it's way out there, but the premise is interesting - the removal of scarcity as a means for defining value. It is estimated that all the people of the world today could have enough resources to live with only a globally distributed 1.5 global hectares per person to supply it. In reality, the average American uses around 15 global hectares per person. Actually, most of that is wasted. The core idea of those quacks at VP is not so crazy - build a society that doesn't run on debt and scarcity and which instead runs on each individuals input to the growth of that society. On top of that, the society uses resources responsibly and renewably, in an attempt to remove the pressure of scarcity. I'm no advocate for their actual plan, however, when you say that "no other system works", really what your saying is that nobody is prepared to learn and adjust to another system. Inuit language wouldn't work for me as a system for communication, because it's entirely alien to my instinct, what I know. If I learnt it, perhaps that could change. But I'm taking the dicussion to the hypothetical. It would take the utter destruction of Capitalism and all memory of it, to allow any other system to supplant it.
I've never particularly heard of it, but a quick search shows it has some similarities to a theoretical model I read of a while ago called energy economics.

Now, these both seem to define a system that isn't based on scarcity. (eg. They presume there is no meaningful day to day limit on resources.)

While it's obviously being pedantic to say so, this isn't economics anymore.
The reason being that the formal definition of economics is the study of how to efficiently distribute limited resources.

If you take out the 'limited' part, most of economics as a subject becomes irrelevant.

Although, in a way, that might well point out precisely why it's so difficult for some people to let go of the existing system; If you presume the fundamental premise of economics to be something that cannot be circumvented. (which is definitely the case in theoretical terms, since the earth, and even the universe probably contains a finite amount of matter and energy in it, but in practice, nearly infinite resources relative to what people want is good enough to make classical economics meaningless.)

It would definitely take a radical change in people's mindset to view things differently.

What happens when there aren't such constraints on resources anymore?

Why would trade need to exist?
Why give something in exchange for something else, if the things being exchanged have no real value?
Might as well just give people whatever they ask for right?

But, the practical question here is what are our resources, relative to what people might want to have?

There's a few obvious areas that could be more efficient if trade and profit weren't meaningful considerations.

Consumer products can be more durable, and designed to be easier to modify and upgrade, rather than wholesale replacement of items constantly because the companies involved need to keep selling new stuff to survive...

But it would make things interesting, to say the least.

The questions are:
Do we have the resources to support these alternate ideas?

Can people's mindset and beliefs be shifted sufficiently to implement these ideas if they actually are viable?
 

hexFrank202

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Mikeyfell said:
the worst thing about Capitalism is inequality
4: There are many different applications for the word "equality." One (the good one) is that everyone should be treated the same in the eyes of the law, regardless of their race, sex or orientation. And that they all have the same basic human rights. They all have the right to be as rich and successful as they can be. The good version of equality is that everyone is given the same level of potential opportunity for greatness.

4.1: Another (the confused) version of equality is that everyone stays at the same level, with the same fortune. This is completely different. Everyone is stuck at one, default level of wealth and no matter how hard they work, they won't make any more money.

4.2: Have you been watching the recent Office episodes? Jim recently exceeded the amount of money he can make in a year, so now he's lost all incentive to work. He's having to come up with things to pass the time. And this doesn't just happen on television; it works exactly like that in the real world.


Mikeyfell said:
the fact that the top 1% can have more than the bottom 50% combined
5: So? People can have a lot more money than other people. So? Unless they've stolen all that money, they earned it. Oh sure, people inherit lots of money, but if they don't work hard on managing it properly, they could loose it all.

5.1: I personally, directly like rich people. My family owns a small window cleaning company. We're middle-class people ourselves, but our biggest and most important customers are millionaires. Rich people = houses with LOTS of windows = lots of business for us. If you could magically turn the American government into communism, would you do it? Because you've just put my father out of the job. Thanks.

5.2: And don't think it's just me. Just one big-ass house requires:
Several house cleaners
Plumbers
Gardeners
Electricians
And many more to come by practically all the time. Not to mention, the possibly hundreds of people who built the house to begin with. People who had work to do for at least a YEAR, JUST because there's this one super rich dude.

5.3: And don't think we could all just get other jobs, because all the other jobs are pretty much taken. What will we have to work for? Trust me, without rich people, the economy would hurt, badly.


Mikeyfell said:
so you have homeless people fighting tooth and nail over a dollar to go buy a McDonalds cheese burger so they don't starve.
6: Homeless people are always going to be something we have to work to fix. You seem to forget about shelters, charities and all these other organizations (lots of which are powered by capitalism and donations) that help people like this out. Why do so many people just act like these things don't exist?

6.1: You know, there are a lot more homeless people out there now because of the house market crash. And I'm sure you're aware that that was mostly caused by people giving out loans to everybody, regardless of how much money they had (I.E. an communistic/socialistic mentality). Sooooo yeah. :\


Mikeyfell said:
the top 1% could give every homeless person in the country 1 million dollars and not even feel the difference in their wallets. but they don't because of human nature.
7: http://www.cnn.com/2010/BUSINESS/01/29/davos.bill.gates.donates/index.html
Please, just for the sake of common decency, if you're going to start your posts with "wrong" in giant, red font, don't proceed to say things that are so obviously wrong themselves.

7.1: It is human nature to be greedy, and like I said, communism isn't going to get rid of that. But, sometimes, it's also human nature to be generous. Communism doesn't let you be generous. Everyone (in theory) is given the same amount of money and good fortune, so there's no room for it.

Mikeyfell said:
if some giant global Communist monopoly came and redistributed all the money so everyone had the exact same amount that would only be a good thing
8: Yeah, except for, you know, all the stuff I've said.

Mikeyfell said:
because if you aren't in the top 1% the point I just made outweighs all 3 points you made
8.1: So it seems that when I talk about the corruption of power, and how it applies to the government just as much (if not more) as it does to big business, your counter-argument is basically to close your ears, pretend you didn't hear it, and proceed to talk like I never even said it.

8.2: Let me put it this way:

You: In capitalism, the top 1% of people can have whatever they want, they don't help people because of human nature. Power corrupts.

Me: That's what happens in communism too. It's one, all-powerful entity that can do anything. How could the rich business people become corrupted, but not the government?

You: Because in capitalism, the top 1% of people can have whatever they want and don't help people because of human nature. Power corrupts. This point outweighs your point.

Me: -_-
 

Mikeyfell

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UltraHammer said:
Mikeyfell said:
the worst thing about Capitalism is inequality
4: There are many different applications for the word "equality." One (the good one) is that everyone should be treated the same in the eyes of the law, regardless of their race, sex or orientation. And that they all have the same basic human rights. They all have the right to be as rich and successful as they can be. The good version of equality is that everyone is given the same level of potential opportunity for greatness.
that is completely unrelated to my argument and putting the words "the good one" in parentheses makes you look like a dick head
and yes pointing that out makes me look like a dick head too but I'm trying to make a point

4.1: Another (the confused)<<again, you look like a dick head version of equality is that everyone stays at the same level, with the same fortune. This is completely different. Everyone is stuck at one, default level of wealth and no matter how hard they work, they won't make any more money.

4.2: Have you been watching the recent Office episodes? Jim recently exceeded the amount of money he can make in a year, so now he's lost all incentive to work. He's having to come up with things to pass the time. And this doesn't just happen on television; it works exactly like that in the real world.
and why exactly is that worse exactly? If everyone got the same amount of money regardless of what they did people might do what they wanted to do instead of what they have to do to make money. with everyone happier we'd see progress for good reasons instead of progress for selfish reasons.


Mikeyfell said:
the fact that the top 1% can have more than the bottom 50% combined
5: So? People can have a lot more money than other people. So? Unless they've stolen all that money, they earned it. Oh sure, people inherit lots of money, but if they don't work hard on managing it properly, they could loose it all.

5.1: I personally, directly like rich people. My family owns a small window cleaning company. We're middle-class people ourselves, but our biggest and most important customers are millionaires. Rich people = houses with LOTS of windows = lots of business for us. If you could magically turn the American government into communism, would you do it? Because you've just put my father out of the job. Thanks.

5.2: And don't think it's just me. Just one big-ass house requires:
Several house cleaners
Plumbers
Gardeners
Electricians
And many more to come by practically all the time. Not to mention, the possibly hundreds of people who built the house to begin with. People who had work to do for at least a YEAR, JUST because there's this one super rich dude.
in Communism wouldn't you make the same amount of money cleaning my windows as you would cleaning Rich McRichman's windows?
Do you really think that the super rich guy has his giant house so he can employ gardeners and plumbers and electricians. No, of course not. He has a big house so people will look at him and say "look at him he has a big house."
Capitalism is fueled by selfishness it is a bad thing. It helps people inadvertently but ultimately it rewards the worst parts of human nature
Communism says "fuck you" to human nature "you get what you get, deal with it." it isn't better but it's more fair to more people.

5.3: And don't think we could all just get other jobs, because all the other jobs are pretty much taken. What will we have to work for? Trust me, without rich people, the economy would hurt, badly.
that money wouldn't go away it would go to everyone else for them to spend on what they want
it would help the economy.
I guess that depends on your political affiliations though. that's a toss up


Mikeyfell said:
so you have homeless people fighting tooth and nail over a dollar to go buy a McDonalds cheese burger so they don't starve.
6: Homeless people are always going to be something we have to work to fix. You seem to forget about shelters, charities and all these other organizations (lots of which are powered by capitalism and donations) that help people like this out. Why do so many people just act like these things don't exist?
with Capitalism the homeless people get to live in shelters made by donations
with Communism the homeless people would all have enough money to own a home.......

"Why do so many people just act like Capitalism is a good thing?"

6.1: You know, there are a lot more homeless people out there now because of the house market crash. And I'm sure you're aware that that was mostly caused by people giving out loans to everybody, regardless of how much money they had (I.E. an communistic/socialistic mentality). Sooooo yeah. :\

even though it might cause me physical pain to explain your stupidity to you. I'm going to try. Giving loans and giving credit are both fundamental principles of Capitalism. Another fundamental principle of Capitalism is that you can sell anything. The thing that happened during the housing market crash was that the banks that were giving out the loans were packaging as many loans together as they could and selling them to bigger banks, with interest. (interest is yet another Capitalist principle). People who couldn't afford their mortgages started to defect on their loans or pay them with credit. (credit is money you borrowed from the bank)
Then this is what happened. Let's say that bank A packaged 10 home-equity loans worth $1 million and sold it to bank B for $900 thousand. so 5 of those mortgages defect and the other 5 take out a line of credit to pay theirs. so seeing their bad investment bank B buys a bunch more loan packages and groups them together until they have 100 loans now worth $1 billion and sells that to bank C. So when bank C tries to collect their money they need to get half of it from insurance companies to cover the defected loans and they try to get the other half of their money from bank A which doesn't have any money because all their loans have been payed in credit. so bank A bankrupted it's self, bank B bankrupted bank C and bank C bankrupted the insurance company. No bank will take a lone from another bank and no insurance company will touch a bank with a ten foot pole. so all the banks start taking houses away from people but they can't do anything with them because nobody else can get a lone to buy a house.

The housing market crashed because banks were selling imaginary money to other banks
THAT WAS CAPITALISM



Mikeyfell said:
the top 1% could give every homeless person in the country 1 million dollars and not even feel the difference in their wallets. but they don't because of human nature.
7: http://www.cnn.com/2010/BUSINESS/01/29/davos.bill.gates.donates/index.html
Please, just for the sake of common decency, if you're going to start your posts with "wrong" in giant, red font, don't proceed to say things that are so obviously wrong themselves.
Bill Gates is not the only person in the top 1%


7.1: It is human nature to be greedy, and like I said, communism isn't going to get rid of that. But, sometimes, it's also human nature to be generous. Communism doesn't let you be generous. Everyone (in theory) is given the same amount of money and good fortune, so there's no room for it.
Communism won't change greed or generosity
Communism doesn't reward greed, Capitalism does reward greed
Generosity is often it's own reward

which system sounds better?


Mikeyfell said:
if some giant global Communist monopoly came and redistributed all the money so everyone had the exact same amount that would only be a good thing
8: Yeah, except for, you know, all the stuff I've said.<<stop being a massive fucking dickhead
in 4.0-4.2 you told me you have watched The Office
in 5.0-5.3 you told me that rich people can give poor people borderline slave labor jobs
in 6.0-6.1 you made a fool of your self
in 7.0-7.1 you made the point that rich people could be generous. Then you said that there would be no generosity in Communism
in 8.0-8.2 you tried to piss me off so you could start a flame war

the first 3 points you made were all correct
they were facts
but when I say "giving all humans what they need is better than giving greedy humans what they want." you start flinging your shit. what the hell is wrong with you?

Mikeyfell said:
because if you aren't in the top 1% the point I just made outweighs all 3 points you made
8.1: So it seems that when I talk about the corruption of power, and how it applies to the government just as much (if not more) as it does to big business, your counter-argument is basically to close your ears, pretend you didn't hear it, and proceed to talk like I never even said it.

8.2: Let me put it this way:

You: In capitalism, the top 1% of people can have whatever they want, they don't help people because of human nature. Power corrupts.

Me: That's what happens in communism too. It's one, all-powerful entity that can do anything. How could the rich business people become corrupted, but not the government?

You: Because in capitalism, the top 1% of people can have whatever they want and don't help people because of human nature. Power corrupts. This point outweighs your point.

Me: -_-
you do realize you posted what you thought my rebuttal would be before I got to read your counter argument

ouch... I sort of called you out there didn't I
let me put it this way for you

me: In capitalism, the top 1% of people can have whatever they want, they don't help people because of human nature. Power corrupts.

you: That's what happens in communism too. It's one, all-powerful entity that can do anything. How could the rich business people become corrupted, but not the government?

me: Of course the government will get corrupted, that's why I said in my first post that both systems were shit. Communism is only better because it doesn't reward individual greed.

now it's your turn to rebuttal, see I don't get to guess at this part because without you reading my post I could type what ever I wanted to to make you look stupid. but I won't do that because it's childish
 

Chechosaurus

New member
Jul 20, 2008
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Valkyrie101 said:
Chech said:
However, institutions such as public transport should be taken into government control. The railway system here in Britain is a complete mess. In order to travel long distance you are required to change trains (that's fine) but you will find yourself moving from an Arriva train to a Virgin one for no particular reason. There should be one standardised railway company, run and regulated by the government.
There was. It was privatised for a reason.
It was privatised for ideological reasons not because it couldn't work. I understand that it didn't work all that well but that doesn't mean that it can't. What happened when the Tories privatised was they closed the lines that weren't making proft but the problem was that people needed these lines to get to the main line. It would be like think 'Look at the motorway. Not as many people are using these slip roads so maybe we should close them to save money'. In theory it makes sense (for about a minute until you actually think about it) but in practice it's retarded. The privatisation has caused more trouble than its worth and the nationalisation of the railways is, theoretically, the best way to run them. Of course, there isn't a single party that I trust enough to actually do it properly.
 

Randomologist

Senior Member
Aug 6, 2008
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I cant really come down on either side, as the main weakness is indeed human beings. There will always be a spectrum of opinion. However, Agent K summed it up nicely in 1997:
"... The person is smart. The people are dumb, panicky dangerous animals and you know it".