Economics: are there NOT ANY downsides to capitalism ?

In red vs. blue America our debates rarely accommodate concessions.

………………………………………………………………………………………………………………

Imagine if a dog lover admitted that cats are “funny when they eat catnip.” Such a concession would allow the dog-person vs. cat-person conversation to progress in a healthy manner, as opposed to aiming towards an inevitable dead end as does occur in argumentative vs. argumentative conversations.

And in discussions of capitalism vs. socialism, most supporters of free market capitalism that I know are unwilling to concede if there are any bad attributes of the system. Contrast this with my observation that most socialist-leaning people that I know do comfortably concede that the positive attributes of free market capitalism are plenty, especially the technological developments.

Furthermore, some free market supporters blame the system’s negatives not on the system but on ill-qualified people participating in that system.

Surely there must be some traits of free market capitalism that are … less than wonderful.

………………………………………………………………………………………………………………
………………………………………………………………………………………………………………

Advertisements

3 responses

  1. If only socialists agreed on a single thing, communism might never have come to be, and capitalism may have only been a thing written in books and papers by the wishful minded.
    Indeed capitalism means men and women can up prices as they see fit, governments can take and take form the people who have very little, and expect everyone to stay silent, as they not only expect, but also teach.

    truth
    whyislamisthetruth.com

  2. In my experience, most learned people will readily concede that true capitalism is just as flawed and unrealistic as true socialism. No sane person is 100% socialist or a 100% capitalist, and if they claim to be, then they probably don’t understand basic socio-economic concepts.

    Steve

  3. Define flaw. Capitalism does not guarantuee the wellbeing of those that cannot guarantee it themselves. But it doesn’t prevent it either. It calls for that which is good in man to be brought forth and help those in need. It calls for man to be the best he can be – and not rely on the ability of others to satisfy his needs. It calls for man to be free, and live his life according to his own abilities.

    Socialism is the failed attempt at institutionalizing the goodness in man, by giving it to those most apt at manipulating.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s