Socialism vs Capitalism (user search)
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  Socialism vs Capitalism (search mode)
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Author Topic: Socialism vs Capitalism  (Read 13946 times)
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« on: May 06, 2004, 08:58:46 AM »

Socialism doesn't work, it sounds good in theory, but in practice it's doomed to failure. The simple reason is... it doesn't take human nature & human fallability into account. Some people are simply lazier than others for example. You need some degree of inequality otherwise what inspires people to work hard, produce and improve their lives?
By and large truly socialist economies are stagnant and inefficient, workers are unproductive and industries are polluting and outmoded.
That said, rampant capitalism doesn't work either since you get an economy dominated by a few massive corporations who then can pretty much do as they please. You need a balance between business and the state.
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English
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« Reply #1 on: May 06, 2004, 01:13:46 PM »

I tend to agree with some of that. However you can't group Europe together as one mass. Germany is extremely heavily regulated, which explains it's high unemployment rate. Italy and UK are much less so, although regulation in the UK has increased considerably since 1997. Some of that regulation is good, most bad.
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