• Best of luck to the class of 2024 for their HSC exams. You got this!
    Let us know your thoughts on the HSC exams here
  • YOU can help the next generation of students in the community!
    Share your trial papers and notes on our Notes & Resources page
MedVision ad

Capitalism or Communism? (1 Viewer)

Status
Not open for further replies.

campbellleo

Member
Joined
May 21, 2006
Messages
60
Location
Idyllic Ballina: It's enough to make you rather si
Gender
Male
HSC
2007
The age-old question, I think, needs to be asked again. I think in an era when communism as an ideal has been tainted by bad memories of Soviet Russia and other equally inept governments, people should have the presence of mind to realise that capitalism just plain isn't working as well as we think it is.

Just to clarify:
  • Communism is an ECONOMIC, not a POLITICAL sytem. A communist country can be democratic or totalitarian, just the same as a capitalist country can. However, the systems have obvious political overtones.
  • Communism is NOT Facism. If you don't know the difference, look it up before posting.
  • Be open minded. You have been force-fed the horror stories, propaganda and true, of communist states; however, the argument is not constructive unless you are willing to consider the opinions of others.
Enjoy! I might wait until a couple of the obvious 'flaws' of the system are pointed out before I post.

If anyone will humour me with an argument, that is.
 

Not-That-Bright

Andrew Quah
Joined
Oct 19, 2003
Messages
12,176
Location
Sydney, Australia.
Gender
Male
HSC
2004
Considering this is probably the most wrote about subject of the 19th/20th/21st century, I really hope the debate doesn't take off too vigorously - Book-long posts are likely to come.
 

Nesty

Proud TB =)
Joined
Jun 21, 2005
Messages
284
Location
At my comp
Gender
Female
HSC
2007
communism.. just for the concept. but it would never work
 

walrusbear

Active Member
Joined
Aug 7, 2003
Messages
2,261
Gender
Male
HSC
2003
capitalism

it's better at utilising people's prime motivations

though i think some of the far right versions of capitalism you see on this board are as unrealistic as communism
 

banco55

Active Member
Joined
Dec 12, 2005
Messages
1,577
Gender
Male
HSC
2006
campbellleo said:
The age-old question, I think, needs to be asked again. I think in an era when communism as an ideal has been tainted by bad memories of Soviet Russia and other equally inept governments, people should have the presence of mind to realise that capitalism just plain isn't working as well as we think it is.

Just to clarify:
  • Communism is an ECONOMIC, not a POLITICAL sytem. A communist country can be democratic or totalitarian, just the same as a capitalist country can. However, the systems have obvious political overtones.
  • Communism is NOT Facism. If you don't know the difference, look it up before posting.
  • Be open minded. You have been force-fed the horror stories, propaganda and true, of communist states; however, the argument is not constructive unless you are willing to consider the opinions of others.
Enjoy! I might wait until a couple of the obvious 'flaws' of the system are pointed out before I post.

If anyone will humour me with an argument, that is.
"the system has obvious political overtones" is just a slight understatement. I always wonder when people talk about being "open minded" about communism you'd never hear people say be open minded about facism. Yes I know communism is not facism but even facism has a milder versions that were attractive to large numbers of people during the first half of the 20th century.
 

_dhj_

-_-
Joined
Sep 2, 2005
Messages
1,562
Location
Sydney
Gender
Male
HSC
2005
No but seriously people have to be open-minded about fascism.
 
Joined
Dec 2, 2006
Messages
110
Gender
Male
HSC
2004
Nesty said:
communism.. just for the concept. but it would never work
Communism, as a concept, is about denial of choice (i.e. nationalised industry), theft (i.e. taxation) and one board of 10-15 individuals controlling the entire economy. If that's what anyone considers beautiful, then I hear Brian Peppers needs a fuck buddy.
 

spiny norman

Member
Joined
Sep 19, 2004
Messages
884
Location
Rivo
Gender
Male
HSC
2004
Capitalist Scum said:
Communism, as a concept, is about denial of choice (i.e. nationalised industry), theft (i.e. taxation) and one board of 10-15 individuals controlling the entire economy. If that's what anyone considers beautiful, then I hear Brian Peppers needs a fuck buddy.
As opposed to the capitalist system which is based on the notion of everyone exploiting those under them?
 
Joined
Dec 2, 2006
Messages
110
Gender
Male
HSC
2004
spiny norman said:
As opposed to the capitalist system which is based on the notion of everyone exploiting those under them?
Yeah, because the option of self-employment doesn't exist in a free market, silly me. If people are being exploited (i.e. having their employer take more of the profits of their labour than they are entitled to), then this implies that the same employees can make more money without their employer, that is by either starting up their own business or becoming a contractor.

Also to the opening poster, can you please point out where in the world today capitalism exists?
 

volition

arr.
Joined
Oct 28, 2004
Messages
1,279
Location
Sydney
Gender
Male
HSC
2005
One of the major flaws with communism (economically), is the lack of the ability to know the 'true' price of things. The best price that can be set for a good is determined by the free market.

In a communist system, all the means of production are owned by the government, so this means that the people are only able to trade consumption goods. The price of production goods is not determined by exchange (the best way we know to set the price), but rather it is arbitrarily set (taking a stab in the dark) by the government.

What implication does having the incorrect price have? It means that resources are not efficiently apportioned, which means we aren't able to do as much as could have with the same set of resources.

To illustrate this, imagine that a given capital good’s price was arbitrarily set too low. Not enough resources would flow into the production of this capital good, and instead, they would go into other goods and services that we originally considered inferior to the stuff that we could make with this given capital good.

On the other side of the coin, if capital good prices were set too high (and we still bought these goods) then resources have been misused (we could have put them to better use) in the production of these capital goods.
 
Last edited:

loquasagacious

NCAP Mooderator
Joined
Aug 3, 2004
Messages
3,636
Gender
Undisclosed
HSC
2004
I think the OP is underestimating how interlinked economics and politics are. Put simply you can not have a democratic communist state, nor can you have a totalitarian capitalist state. This is because economics and politics are two sides of the same coin.

If you are a communist state then you control the factors of production and basically put drastically reduce the freedom of individuals. People now work, live, eat, worship etc when, where, what and how you tell them too. Furhthermore communism is inherantly flawed and doesn't work so if a communist state where democratic eventually it would be voted out.

The reverse s true however that dictatorship and capitalism are mutually incompatible, a free market engenders a free society which agitates against a dictatorship. To maintain control of a society the dictator must bring its economy under control. Hence the advent of facism.
 

banco55

Active Member
Joined
Dec 12, 2005
Messages
1,577
Gender
Male
HSC
2006
loquasagacious said:
I think the OP is underestimating how interlinked economics and politics are. Put simply you can not have a democratic communist state, nor can you have a totalitarian capitalist state. This is because economics and politics are two sides of the same coin.

If you are a communist state then you control the factors of production and basically put drastically reduce the freedom of individuals. People now work, live, eat, worship etc when, where, what and how you tell them too. Furhthermore communism is inherantly flawed and doesn't work so if a communist state where democratic eventually it would be voted out.

The reverse s true however that dictatorship and capitalism are mutually incompatible, a free market engenders a free society which agitates against a dictatorship. To maintain control of a society the dictator must bring its economy under control. Hence the advent of facism.
Depends how you define totalitarian. China proves at least in the medium term you can have highly authoritarian quasi capitalist state.
 

loquasagacious

NCAP Mooderator
Joined
Aug 3, 2004
Messages
3,636
Gender
Undisclosed
HSC
2004
Yes but China will face much upheaval as its quasi-capitalist economy becomes less quasi and the democracry movement gains momentum. Infact China will be the proof of my assertion as it becomes more capitalist it will become more democratic.

Though you are right this is a long-run scenario - though having said that the parameters of this thread dictate that we are talking in the long-run eg we aren't talking about a week of communism just to try it on for size.....
 

lengy

Active Member
Joined
Aug 7, 2006
Messages
1,326
Gender
Male
HSC
2003
I prefer individual freedoms with neccessary regulations.
 

sam04u

Comrades, Comrades!
Joined
Sep 13, 2003
Messages
2,867
Gender
Male
HSC
2006
Capitalism works better in Practice, Communism works better in Theory.

So, we find a medium and voila. Utopia.
 
Last edited:
Joined
Dec 2, 2006
Messages
110
Gender
Male
HSC
2004
sam04u said:
Capitalism works better in Practice, Communism works better in Theory.

So, we find a medium and voila. Utopia.
Theft and oppression are good theories?
 
Status
Not open for further replies.

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top