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Economics Capitalism, For it / against it?

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The Envoy
post Aug 27 2010, 09:28 PM

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Well, communism as opposed to capitalism is actually the most "just" system in theory...however, with the existence of private property, this is not feasible as men are an innately competitive species.
In fact, we were once communist in the stone age:
http://througheyesfromafar.blogspot.com/20...-karl-marx.html

The best govt-eco system, in my opinion, would be socialism whereby:
- Government provides basic needs - free healthcare, free housing for people who cannot afford it, and free or heavily subsidized education up to secondary school or if possible basic degree level.
- After that, the quality of life is all up to capitalism
The Envoy
post Aug 28 2010, 02:06 PM

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QUOTE(objectifyme @ Aug 28 2010, 01:51 PM)
Yeah, that could work out. I think the government is already providing such services, no? Just that they aren't very effective.
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Free healthcare and free education? I don't think so. Oh, and forgot to mention pensions (for all citizens) as well.
The Envoy
post Aug 31 2010, 12:11 PM

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QUOTE(Darkripper @ Aug 28 2010, 06:34 PM)
they already siphon Billions of ringgit out of the country =D
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That is the biggest problem here.


Added on August 31, 2010, 12:30 pmIn any case, we aren't a true capitalist country because there are social services provided by the government unlike in the US where you have to pay/have health insurance or get no treatment.

However, we aren't socialist either on that side (not even considering the existence of a large private sector in the economy in this), because in socialism, every single citizen should receive equal help from the government, regardless of race/religion/sexual orientations/ etc. etc.

But, yes, I believe health service should be free. However, other changes would have to be implemented too - like good public transport (to the point where you don't really need a private vehicle), a less corrupt government (this would involve wiping out the roots of the BN in the government) for starters

Toll fees will be not be an issue anymore, and also parking and duit kopi for polis.

And to be fair, the income taxes we have are not high compared to more socialist type nations (EU nations, Australia), but then again public services are not as good partially due to that.

This post has been edited by The Envoy: Aug 31 2010, 12:30 PM

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