Capitalism vs. Socialism

[Calibrator]

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^^^ In capitalism, you are free to do what you want. You control your own destiny. As long na mukugi lang ka. Sa strict na socialism, equal ang tanan. Masayang ra ang imong fruits sa imong talent kay i shared na sa tanan.

[<SMILE>]

Any of the two also can be healthy in terms of economy and wealth distribution if anti business monopoly is enforced.
Free enterprise if tainted with politics is also very unhealthy.

[jamesgalejames]

daghan istorya walay kahumanan.. wala na sa form
sa government.. naa na sa mga politiko nga inyohang gibutaran.. dapat mao nay usbon nato nga midset mamutar tag tawo nga tarong i boycott if ang molansar pulos kawatan corap og nag ayo lang pagpasikat sa tv og media

[Rishi]

^^^ In capitalism, you are free to do what you want. You control your own destiny. As long na mukugi lang ka. Sa strict na socialism, equal ang tanan. Masayang ra ang imong fruits sa imong talent kay i shared na sa tanan.

got it sir.

but like I said unsa man ang epekto ani sa mga less fortunate sa society? kay kung ato e observe naa may mga tao nga kulang jud ug skills and balls to get what they want, will they be left behind? who will help them?

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daghan istorya walay kahumanan.. wala na sa form
sa government.. naa na sa mga politiko nga inyohang gibutaran.. dapat mao nay usbon nato nga midset mamutar tag tawo nga tarong i boycott if ang molansar pulos kawatan corap og nag ayo lang pagpasikat sa tv og media

mo matter baya boss ang sistema pod. kay mapogos ang corrupt mo diskarte sa sistema, mora ba if ang system anti-corrupt so dali ra masakpan ang mga corrupt.

[Calibrator]

daghan istorya walay kahumanan.. wala na sa form
sa government.. naa na sa mga politiko nga inyohang gibutaran.. dapat mao nay usbon nato nga midset mamutar tag tawo nga tarong i boycott if ang molansar pulos kawatan corap og nag ayo lang pagpasikat sa tv og media

ayaw pud ana brad anang boycott.. illusyon nana kaayo na sa imong part na makakita ka ug tawo na walay sala. exercise your right to vote. you can choose the lesser evil one.

[Rishi]

Any of the two also can be healthy in terms of economy and wealth distribution if anti business monopoly is enforced.
Free enterprise if tainted with politics is also very unhealthy.

nindot pod na sir, mura'g naa naman ni nga balaod sigoro boss. Anyway, ang nindot unta ani nga bisan asa nga model ang gamiton ang importante nga ang progress maabot unta sa obos, meaning dunay significant effect sa masa.

karun man gud, sad to say di kaayo nato ma feel ang progress sa obos.

[<SMILE>]

nindot pod na sir, mura'g naa naman ni nga balaod sigoro boss. Anyway, ang nindot unta ani nga bisan asa nga model ang gamiton ang importante nga ang progress maabot unta sa obos, meaning dunay significant effect sa masa.

karun man gud, sad to say di kaayo nato ma feel ang progress sa obos.

Yup, I like the notion,
but I'm more keen about individual freedom.
Like in China their populace do have a lot of money now, but they don't have the freedom to buy lands there,
They have to go to New Zealand and somewhere else to buy states, any transaction is controlled by the communist Chinese government.

[Rishi]

Yup, I like the notion,
but I'm more keen about individual freedom.
Like in China their populace do have a lot of money now, but they don't have the freedom to buy lands there,
They have to go to New Zealand and somewhere else to buy states, any transaction is controlled by the communist Chinese government.

mao pod ni ang disadvantage sa Socialism if dako og role ang State.

but let's say naa gihapon ng FREE MARKET ... BUT... taasan ang taxes sa mga companies then kini nga mga taxes itabang sa mga less fortunate, or create social programs nga makatabang sa masa like e subsidize partly ang mga basic needs sa mga tao?

maayo kaha ni? Capitalism gihapon, but with socialist programs?

[emow]

Socialism is the better economic system...in paper, but dismal in actual implementation. Capitalism is a heartless economic system, driven solely by sole interest not only by the businesses themselves, but most especially by the consumers.

Was there any perfect socialist country? Some would defend no. Is there any perfect capitalist country? I would say no as well. Absolutism of any of these economic systems are non existent. However, countries who pursue a greater degree towards a capitalist system reap better benefits in the big picture as compared to those who pursue socialism (or communism, a higher degree of socialism). Capitalism relies on a greater degree of freedom, Socialism relies a greater degree of government control.

Let's take for example China. During the Mao era, the government dictated everything, food, production, benefits and even personal behavior. Entrepreneurship was illegal. Millions of chinese died of starvation and atrocities implemented to protect Mao's ideology. When Deng Xiao Peng took over, he deviated from Mao by slowly implementing capitalist policies in select areas of the country, and gradually within a fraction of the time, millions rose out of poverty. Though the communist party still controls the country, but they have exponentially deviated from the system of Mao.

Capitalism is not perfect, nothing is. It can be distorted into something we call, Crony Capitalism. It is when the country allows the power of government to involve within the free market so much so as to distort the price mechanisms and voluntary exchanges that favors a certain group in the economy. Social Capitalism is necessarily a Crony Capitalism as well, wherein, the purchase of the society's safety nets are reduced to profit making machines in favor towards a particular party or agenda. The reason i mentioned this is just to establish a combination of the two economic systems. United States became a social capitalist under the leadership of FDR. Ever since then, the socialist policies have expanded to the point of risking the collapse of the dollar, a worldwide crisis if that happens.

I would categorize Greece as a socialist country, benefits aplenty for all citizens. It resulted in diminishing work ethics and pleasure seeking attituteds of the greeks, boasting high paid long vacations and were once the envy of many first world nations. But eventually, the cards showed themselves, the greeks have borrowed too much money to support their affluent lifestyles ending in crisis. Did the greeks understand why they needed to control public spending? Nope. They were so used to the benefits that sacrificing them would feel like a human rights violation.

In a high degree of capitalist country, the government is limited in its role in the free market. Businesses are forced to compete without the help of legislation, therefore there's no point of bribing government officials if they have no role. However, when government has the power to legislate the market, then the cost of bribing is far cheaper than engaging in the market competition. In the Philippines, big businesses often engage in influencing legislation that tries to limit competition by imposing higher entry barriers, price fixing, and excluding foreign competitions. It is not entirely the fault of the businesses because the system the people enforced provide a big incentive for both businesses and politicians to buy each other.

If you believe in freedom as the highest political end, you would tend to lean towards Capitalism. If you believe in social safety nets and charity, then you would lean towards Socialism.

[Calibrator]

got it sir.

but like I said unsa man ang epekto ani sa mga less fortunate sa society? kay kung ato e observe naa may mga tao nga kulang jud ug skills and balls to get what they want, will they be left behind? who will help them?

Ana na sya brad, problemaha sa ang imong kaugalingon before problemahon nimo ang uban. Help yourself first. Once you're in the pedestal, you can help them too.