Is it ludicrous to think that the world will remain Capitalistic?

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Robert_Sock said:
Pope Francis may not be a Marxist, but the world will eventually be Socialistic. Capitalism is doomed as a fair and just economic system, and must be abandoned. Socialism is more ready to lend itself to true Humanitarian causes, which the vast number of people will support. Capitalism is inherently anti-humanitarian, and must not be allowed due to the human atrocities that it produces.
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Human atrocities? Really? I still trying to wrap my head around the millions of deaths caused by communism and socialism in the 20th century. Try reading “The Black Book of Communism.” A controlled economy which starved its subjects. I see no comparison between a market economy and a socialist economy when it comes to causing human suffering.
 
DrTaffy said:
It has been suggested (e.g. in Iain M Banks’ ‘Culture’ series of sci-fi novels) that capitalism, and indeed money itself, will only survive as long as there is a need to ration resources.

So once technology evolves to a sufficiently high level that there is no need to ration land, goods, medical resources and so on, capitalism will be doomed.

An alternate view is that the population will always expand to take up the available resources, and that capitalism is the best way to ration those resources…

🍿
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Will technology evolve to such a point before the world depletes its finite resources ?
 
The Catholic teaching on this can be summarized as follows:

Capitalism - Good when not abused. Like money, it can be used for good or for evil.

Socialism - Evil by its nature.
 
I think we need to distinguish socialism (extensive government regulation and involvement in the economy for “social” good) versus communism (all ownership vested in common, in practice, by the government).

The first may not be wrong; the second is, because it places human survival at the mercy of the government.

Capitalism is at least self-correcting; to make a profit, it is necessary to produce something that meets a demand. Successful work is rewarded with a greater profit. Venality is penalized by a loss of competitiveness. Whereas in socialism and communism (from each according to ability; to each according to need), individual altruism is depended upon to keep it going, and must be replaced by official command when altruism isn’t there.

ICXC NIKA
 
JimG said:
Human atrocities? Really? I still trying to wrap my head around the millions of deaths caused by communism and socialism in the 20th century. Try reading “The Black Book of Communism.” A controlled economy which starved its subjects. I see no comparison between a market economy and a socialist economy when it comes to causing human suffering.
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Just because socialism had some atrocities of its own does not suggest that socialism is evil in its own right. The fact that 9,500 innocent children die each and every year of starvation is a reflection of the ill effects of capitalism.
 
Robert_Sock said:
Just because socialism had some atrocities of its own does not suggest that socialism is evil in its own right. The fact that 9,500 innocent children die each and every year of starvation is a reflection of the ill effects of capitalism.
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In a world having national sovereignty, one cannot blame capitalism for unmet human need in nations where capitalism does not hold sway.

ICXC NIKA
 
JimG said:
Human atrocities? Really? I still trying to wrap my head around the millions of deaths caused by communism and socialism in the 20th century. Try reading “The Black Book of Communism.” A controlled economy which starved its subjects. I see no comparison between a market economy and a socialist economy when it comes to causing human suffering.
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I would offer the idea that starvation, disease and the discomforts that attend the poor have transcended any type of economic or governmental systems attempted to date. My sense is that the failure of these systems to end these ills lies not entirely with any inherent flaws in the systems in themselves, but because of our proclivity to lookout for ourselves and our immediate families, and our inability to see that our family includes every living being. The fault is not governmental, but mental. I think we are able to visit suffering on our companions in this life because we have created a mental abstract of God into the image of a man on a cross, and thereby something other than simply the face of the person in front of us in the grocery store line, or the person who cut us off in traffic, the person who held the door for us when our hands were full, or the face of the hungry child in the UNICEF commercials, or the face of the forgotten elderly. These are the faces of Christ, and while we tend to the offices of ritual and dogma, we will in the end be asked by God why we didn’t know him when we actually saw Him in the flesh. Why we didn’t feed him when He was hungry, and why we didn’t clothe Him when he had no clothes, and so on. I do not believe any of that was a metaphor. The issue is not entirely one of economic or governmental systems, at least in my opinion they’re not. I think the issue is us, and our longing for a distant God who has been right there in front of us staring us in the face all along.
 
Robert_Sock said:
Just because socialism had some atrocities of its own does not suggest that socialism is evil in its own right. The fact that 9,500 innocent children die each and every year of starvation is a reflection of the ill effects of capitalism.
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How many of these 9,500 innocent children have starved to death in countries that have Capitalism, free markets, free enterprise, and private property rights?
 
freeRadical said:
How many of these 9,500 innocent children have starved to death in countries that have Capitalism, free markets, free enterprise, and private property rights?
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It’s not the economic systems of poor nations in and of themselves that are to blame, but the overall world economic systems.
 
Robert_Sock said:
Is Greece’s failure at socialism due to the ill effects of socialism per se, or is it that Greece’s socialism must compete in an otherwise capitalistic Western world?
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Greece’s failure at Socialism is due to the ill effects of Socialism. As Margret Thatcher said “The problem with Socialism is that eventually you run out of others people money.” With Socialism comes the “entitlement society” where individuals believe that they are entitled to social benefits at the expense of others.
Socialism has clearly failed and yet our country has chosen to forget the failed history or Socialism throughout the world and we are doomed to repeat the mistake of other countries.
 
Robert_Sock said:
Just because socialism had some atrocities of its own does not suggest that socialism is evil in its own right. The fact that 9,500 innocent children die each and every year of starvation is a reflection of the ill effects of capitalism.
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No, starvation anywhere in the world cannot be blamed on capitalism. How about starvation in North Korea? Is that the fault of capitalism, or is it due to their evil system of government? Would North Koreans be better off living in South Korea–a capitalistic society? You bet they would.

Was capitalism to blame for the millions deliberately starved by Stalin as a matter of policy? Which economic system has killed more people? Read the “Black Book of Communism.”
 
Robert_Sock said:
Just because socialism had some atrocities of its own does not suggest that socialism is evil in its own right. The fact that 9,500 innocent children die each and every year of starvation is a reflection of the ill effects of capitalism.
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9,500 children die each YEAR due to starvation…what planet are we talking about??😃
 
Robert_Sock said:
It’s not the economic systems of poor nations in and of themselves that are to blame, but the overall world economic systems.
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There is no “world” economic system. The world is made up of countries that have vastly different economic systems. People call Capitalism an “excess” full of greed and the love of money. Well, Capitalism has not only allowed us to feed ourselves but it has made us able to send billions of dollars in food and aid to poor countries. It has allowed us to have a military that is able to step in when there are atrocities in the world. I bet the majority of the children that starve to death in this world are not found in free market, free enterprise, Capitalistic systems. They are found in those countries that deviate from the basic principle of a free society.
 
freeRadical said:
There is no “world” economic system. The world is made up of countries that have vastly different economic systems. People call Capitalism an “excess” full of greed and the love of money. Well, Capitalism has not only allowed us to feed ourselves but it has made us able to send billions of dollars in food and aid to poor countries. It has allowed us to have a military that is able to step in when there are atrocities in the world. I bet the majority of the children that starve to death in this world are not found in free market, free enterprise, Capitalistic systems. They are found in those countries that deviate from the basic principle of a free society.
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There is an ‘average’ of the total economic systems in the world.
 
Robert_Sock said:
There is an ‘average’ of the total economic systems in the world.
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No there isn’t. The world is made up of distinct entities that have sovereignty that pursue their own economic agenda. Why not counter the rest of the claims in my post? Most children starve to death in countries that do not have free markets, free enterprise, and private property rights. Where the people do not have economic and political freedom.
 
Tend to agree here. We are a diverse peoples. That is why it so important to respect the individual ethnic cultures of people who have survived over the ages.

Mother Theresa said the West and third world countries are two different mentalities. But both serve each other. Without the poor, we would be so selfish and bored…and dangerous.

Pope John Paul II opinionated that he thought the free market with a strong moral voice is the best. Our power base is wanting to silence the moral voice of the Church.

Free market does improve product, avoid corruption. I also think of difficult times, cottage industries where people are closely connected to each other, helping each other. And how our DNA, one source said, is meant to consume a more simple diet of vegatables, fruits, grains, and less meat. We as a consumerist society, a throw away society with massive wealth, have terrible diets.
 
freeRadical said:
No there isn’t. The world is made up of distinct entities that have sovereignty that pursue their own economic agenda. Why not counter the rest of the claims in my post? Most children starve to death in countries that do not have free markets, free enterprise, and private property rights. Where the people do not have economic and political freedom.
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Nations that have starvation are living in a world of greedy capitalists who hoard all the earths resources for themselves. IT’S A CRIME AGAINST HUMANITY!!!
 
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