A couple of recent threads saw us going off topic and we found ourselves arguing the merits of capitalism vs. pitfalls of socialism. 
Can you guess where I stand on the issue? If not I'll tell you. Freedom is not compatible with socialism, and I'm more inclined to remain free and provide for myself than I am to accept handouts and be enslaved.
What about you?
Can you guess where I stand on the issue? If not I'll tell you. Freedom is not compatible with socialism, and I'm more inclined to remain free and provide for myself than I am to accept handouts and be enslaved.
What about you?
The main difference between capitalism and socialism is the extent of government intervention in the economy.
A capitalist economic system is characterised by private ownership of assets and business. While a socialist economic system is characterised by greater government intervention to re-allocate resources. Socialism takes care of prices , inflation and unemployment while capitalism cares about profits as owned by private players. Therenis more equality too in socialist society as compared to capitalist society.
Equality doesn't exist. No one is equal to anyone else, that is the definition of being individual. Of course equality of opportunity should be striven for, but equality of outcome is not an attainable goal, or at least not one anyone really wants. They think they do but they don't. If you deliver equality with an equal number of bullets to each person's head so they share an equal amount of life, that is also equality. Achieving equality requires taking from some to give to others. People always fantasize that they will be the ones receiving and never the ones taken from of course. They seem to forget that universal slavery is also equality. Increasing your relative position by reducing that of others is not gain, but that is a requirement to acheive equality. The term equality itself is meaningless and arbitrary.