Socialism vs. Capitalism: Which is the Moral System?

Discussion in 'The Refreshment Lounge' started by JTM, Feb 9, 2010.

  1. JTM

    JTM "Just in case" Premium Member

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    From: http://lilt.ilstu.edu/rrpope/rrpopepwd/articles/socvcap.html

    [FONT=Verdana, Arial, Helvetica, sans-serif]C. Bradley Thompson is Assistant Professor of Political Science at Ashland University and Coordinator of Publications and Special Programs at the John M. Ashbrook Center for Public Affairs.[/FONT]

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  2. drapetomaniac

    drapetomaniac Premium Member Premium Member

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    --Albert Pike - Morals and Dogma
     
  3. JTM

    JTM "Just in case" Premium Member

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    hrm?
     
  4. drapetomaniac

    drapetomaniac Premium Member Premium Member

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    Here's a good video for a history of The Corporation and ethics.

    http://www.hulu.com/watch/118169/the-corporation

    Even if you disagree with its ethical calls, the history of corporate development from the founding fathers days to now is interesting.
     
  5. JTM

    JTM "Just in case" Premium Member

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    oh, i've seen "the corporation" and agree. it's this manipulation of a mixed economy that allowed it, though. not capitalism.
     
  6. drapetomaniac

    drapetomaniac Premium Member Premium Member

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    Neither system has an inherent ethical system built in. You need moderation in either - and I think the "socialist urges" in this country are a reaction to the hyper-capitalism which has been permitted.

    A lot of the "leftists" elected in Latin America in the past decade are heads of businesses or have economics degrees, experience or backgrounds. They come with moderation built in.

    I use to debate with a co-worker on a regular basis and in many instances he would end with "but everyone does it" or "that's how businesses run" or "its legal." He was right, but I finally realized we were discussing ethical issues and capitalism isn't a morality in its own. You had to include it. And those were the situations we were discussing, where morality fell by the wayside and the legalistic application of the process became its own defense.

    Because it was, it was good.
     
  7. HKTidwell

    HKTidwell Premium Member

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    Hey ya'll are missing the "New" type of government. It is called Market Socialist, Geez not sure how many times you can rebrand the same screwed up mentality before people get tired of buying into the same failed Socialism of yesteryear.

    By the way the reason we have the capitalism that we do is due to the socialist influence. I'll use a recent example, bank bailout. If a business is greedy and does bad business practices then they should fail and so should the people backing them. Sorry guys nobody is to big to fail, the failures of people, companies, etc allow for new growth, new ideas, and better innovation.
     
  8. drapetomaniac

    drapetomaniac Premium Member Premium Member

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    I think people are too big to fail - but that's because they violate the anti-trust measures of capitalism.

    Anyone so big they can cripple the economy when they fail is a monopoly or too close to being one.
     
  9. JTM

    JTM "Just in case" Premium Member

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    what this article is claiming (and provides extensive argument for) is that the moderation is inherent in capitalism.
     

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