Views: 44323|Replies: 189

Capitalism is NOT the opposite of Socialism   [Copy link] 中文

Rank: 8Rank: 8

2015 Most Popular Member Happiest Member

Post time 2013-9-26 02:03:44 |Display all floors
This post was edited by KIyer at 2013-9-26 04:32

Capitalism is NOT the opposite of Socialism

In a recent blog that I read, someone claimed that Capitalism is ‘obsolete’ and that Socialism is the future.  In most discussions that I see, there seems an implication that Capitalism and Socialism are mutually exclusive. They are not! There are further such implications that are not true. Here are some observations or opinions of mine. I welcome comments and views of others on this subject.

1)    Capitalism is not the exact opposite of Socialism or Communism.

2)    They can co-exist in the same society quite well.

3)    Capitalism does not equate to Democracy.

4)    Socialism does not equate to Communism.

5)    The USA is neither a truly capitalist economy nor a true Democracy.

6)    China is neither a truly socialist economy nor a Communist economy, nor was the old Soviet Union.

7)    The colossal failure of the US economy with its unrepayable and unsustainable debt is not a failure of Capitalism. It is a failure of a corrupt, dishonest system going under the guise of Capitalism. It is due to the crookedness and corruption of a few who benefit greatly from the system. Not all who benefit from the system are crooked or corrupt.

8)    The colossal failure of the Soviet Union was not a failure of Socialism (or Communism). It was a failure of a corrupt, dishonest form of Communism and Socialism. It was due to the crookedness and corruption of a few who benefitted greatly from the system. Not all who benefitted from the system were crooked or corrupt.

9)    Communism or Socialism with ‘Chinese’ characteristics will appear eerily similar to Capitalism with ‘British’ characteristics.

10)  Any system practised with honesty and integrity will bring benefits to the people.

11)  For long term sustainability a combination of Socialism and Capitalism needs to exist in the same society addressing different needs and complementing each other. Nordic countries, Switzerland, Singapore and Australia are good examples of these.

12)  Greed and corruption at the very top will bring down ANY system or any combination of systems. The Soviet Union, India and the USA are examples of these.

13)  Capitalism and Socialism will always remain with human society, long after their opponents are dead and gone.

My friend the Black Swan

Use magic tools Report

Rank: 8Rank: 8

2016 Most Popular Member CD top contributor in April 2015 Most Popular Member Medal of honor Medal of honor

Post time 2013-9-26 02:41:01 |Display all floors
Well written, now wait for the fur to fly!

Use magic tools Report

Rank: 8Rank: 8

2015 Most Popular Member Happiest Member

Post time 2013-9-26 02:44:35 |Display all floors
futsanglung Post time: 2013-9-26 04:41
Well written, now wait for the fur to fly!

My friend the Black Swan

Use magic tools Report

Rank: 8Rank: 8

Blogger of 2013

Post time 2013-9-26 09:34:21 |Display all floors
Excellent! Very well said. If China is socialist or communist (which at least in theory it espouses) then we know that capitalism and socialism aren't exclusive. China has both. Capitalism is thriving here far better than in the USA (as I see it). Thanks for such an excellent clarification and objectivity.

Use magic tools Report

Rank: 2

Post time 2013-9-26 09:35:12 |Display all floors
The merits of a socio-economical-political system … any of them … can not be evaluated in terms of ideology and theory per say. On the paper, any of them might be easily argued for.

In the axis of time, eternally convalescent Humanity has undergone several political 'healings and cures'…. with partial success and recovery only.

We live under the assumption that the NEXT SYSTEM, or the next 'twist' to the existing system will heal everything … but we haven't realized yet that the problem is not the 'system' … but the 'driver' .

Use magic tools Report

Rank: 8Rank: 8

2015 Most Popular Member Medal

Post time 2013-9-26 10:44:16 |Display all floors
There will always be criminals so there will always be capitalism. They are synonymous.
Capitalism is based on greed of the individual. The more ruthless and greedy, the more successful
in the quantifying terms of capitalism.
Communism is based on cooperation and fair distribution of resources, not greedy individuals.
These are the basis of each system.
As long as there are immoral people capitalism will be difficult to eradicate.
Communism has worked well in China because the Chinese are well practiced at cooperating.
Mr. Mao knew the only way for a peaceful and cooperative people to survive in a world of
capitalist imperialists was to obtain the hydrogen bomb. Thank God for Mr. Mao and the hard
work of the Chinese people to obtain this deterrent in spite of all the obstacles the west put up.
The west can never defeat China militarily and they will never be able to buy China either.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

Use magic tools Report

Rank: 8Rank: 8

2015 Most Popular Member Happiest Member

Post time 2013-9-26 12:16:39 |Display all floors
This post was edited by KIyer at 2013-9-26 14:19
robert237 Post time: 2013-9-26 12:44
There will always be criminals so there will always be capitalism. They are synonymous.
Capitalism i ...

Robert, You have a very valid point that many capitalists may be driven by personal greed. There will always be greedy and selfless people, driven by different impulses. - the same person can be greedy and selfless at the same time.  There just needs to be a way and system to channel our different motives in a just manner. That is why balance and the rule of a 'fair' law is essential. That is why there will always be Capitalism and Socialism.
My friend the Black Swan

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.