Capitalism, Socialism, or Communism?
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- Опубликовано: 4 сен 2024
- In Episode #9 of 2 Minutes with Pat: The Olympic podium is used as a metaphor to depict the different forms of economy. Which one do you believe creates the most innovation, leading to a better economy?
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Capitalism=Freedom...that summarizes why it's the form of economy that creates more innovations.
Bredou Alban Brice come to live in Serbia, I work like a slave 12 hours a day, and I have no time for themselves, let alone to try and we're talking about innovation, innovation that gives capitalism
I believe capitalism creates more innovation and competition. It allows people to be creative and think big
Jonathan Hernandez
I disagree. I think capitalism actually stifles innovation by cramming the majority of people--many of whom might be brilliant--into low-paying jobs just to get food on the table.
i live in ex Yugoslavia,and I'm watching your videos and reading books i can get at the moment and one day make my business
Got to show that explanation, to someone. Thanks for sharing.
I like your longer video about this subject!
Once more I'll draw on "Think and Grow Rich". It talks about how capitalism encourages collaboration because there is profit to be made by all. If you equate the economies to abundance and scarcity. Capitalism is abundance, socialism is disguised abundance and communism is scarcity.
They all have their benefits and I don't think any country is entirely Capitalistic or Socialistic. I could be wrong though. I do however believe that Capitalism provides the best value for the economy, maybe not necessarily the public as a whole but the world is what it is because of the innovation and creation that came from capitalism
Combination of Communism and Capitalist society will be beneficial for the modern era, the ideology of marxist limits the exploitation of the working class, where having a private sector of capitalist keeps the countries economy running. Example of this is China, who are leading towards the biggest economy of the future and yet maintain a great standard of living in contrast to other big nations such as India, where poverty and human exploitation is extreme and the gap between rich and poor is increasing. The theory of communism creates stability for the whole nation and the intellectual use of capitalist creates innovation for growth.
ogogo ogpgpg He is from Khalistan wait I meant India.
communism/marxism stable? Like Venezuela or Cuba? Maybe like USSR? Communism/marxism is the system that exploits labor and destroys creation of new capital. Communists are capitalists, but its about who controls the capital. In communism "capital/production" is controlled & central planned by a handful of elites at the top of the government. In free-market capitalism: the economic planning & capital decisions are by majority closest to the people, able to choose freely with his neighbor in the exchange of goods and services with minimal government interference. That is the USA. Gov = limited. Power is with the people to choose, not the elite gov central planners of communism. (which is why communism/marxism/socialism fails, it ALWAYS fails. Always.)
Opinion: Capitalism gives us the largest markets to sell that which we would like. It also allows fair chances for everybody. Anybody can start a business under capitalism. This may be true under socialism, but less control is given to the people. The government can take away your business at any moment. When the people have the control, greater things will be accomplished by them.
Capitalism is the best
In capitalism everyone has money to live but some have alot more than others.
In communism everyone is equally poor.
Episode #7 - I think capitalism works the best because it allows people to think big and it provides freedom, competition and also the reward.
Lesson 8 | Capitalism, Socialism or Communism?
If the philosophy of these economies were put into the Olympics,
[Capitalism] would have 1st place, 2nd place, 3rd place.
[Socialism] would have 1st and 2nd place.
[Communism] would have no place; everyone is equal.
- Which do you think is better for the world, would we know about Apple, Microsoft and McDonalds if their CEOs were born and raised in a country such as Russia?
My opinion is that we should make a new type of government. One in which people dont lost their jobs, where problems are acru5ally solved
Capitalism allows for growth, competition, and reward. This is the structure that I feel allows a person to maximize their potential and provides the freedom to create new boundaries in all aspects of life. Great message Pat!
Human will always evolve no matter who it is. Be Steve Jobs, Walmart etc, there will always be something that will replace the ones that existed already. Empires fall, the new ones will rise!
Capitalism for the win!
Video 7 done - I believe capitalism leads to a better economy, this is do to the competition it provides. Olympic athletes work hard to beat the competition, without anyone to beat there is no desire to grow. The world would survive without walmart, mcdonalds, etc. Simply because there is competition that would take there places.
Creativity of the human race is needed in order to evolve all those old or standar forms of economy and create a new one with the best part of those three and even with that, mantaining the flexibility needed to make the changes and adaptations needed every single time than those changes or adaptations are demanded by humanity, not only society.
Sometimes when I think about that as an individual I see that for make that kind of arrangements in one's life, that person needs to stop everything, stop devolopement, stop progressing in his life to make some changes for a while and once that is done, that person is capable again to keep moving on, more fresh, with new devolopement ways and another perspective of progressing.
But when I think about this in "mass terms", a huge collective concious is needed to stop billions of persons lives to make some arrangements to this system, to this economy, to this society.
But the most important one: to make some arrangements in humanity.
Sorry for my english
Cheers! :)
The answer is always capitalism. The reason is that even if Steve Jobs, Bill Gates, and Sam Walton never came to a capitalist society, then someone else would have taken their places because of the very nature of capitalism. I would confidently suggest that there are many people in other types of economies that have not been able to reach their full potential because they are restricted by the economy they live in.
What's going on Patrick!
I wanted to share my thoughts on what I thought about this video. I think the way in which you explained capitalism made me want to lean to that side. The reason why I believe capitalism is best is because it leads people want to innovate something that will benefit human beings. They would also benefit others to want to do great things.
3 different sorts of economic systems. Which one creates the most innovations? Capitalism, because Capitalism allows millions of
innovations to be constantly rewarded and punished by the market.
PBDSRTW like your explanation of the three economies .. very true.. socialism is non sense as it kills people's dreams and ambitions because the gap is tremendous and with tax level to finance socialism it makes it damn hard! That does not encourage people to work at all..
Phenomenal advice!
I think capitalism is best for innovation, growth and occasional crashes where everyone panics how bad capitalism is and socialism/communism are best for shit (I lived in one).
8 down. I tend to be a fan, like Patrick, of Milton Friedman. I think it is of course to read and learn from all perspectives to have credibility in ones beliefs and arguments.
I believe capitalism allows people to be innovative and dream big!
I think that Capitalism is the best! You need that freedom
It's obvious if you look at history that capitalism leads to the best economy, especially for the poor. But, it's not about history or economics. It's about emotion. That is why we're moving away from capitalism and towards facism. "The liberals want to help the poor while they're poor but the biggest benefit is stopping them from being poor." - Thomas Sowell
Day 1 Sir..
I believe Capitilism has alot more rewards and Benifits when it comes to Innovation , you can look at the companies that started producing and seling cars in the beggining only Ford had a major stake and in time more and more companies started building cars now because of that the U.S has a handfull of companies that started from Innovation and competting for our business , saying I can build it better tougher and more advance than the other , if not we would still be driving 1920 Tmodel cars.
I think that capitalism is best for innovation and growth, socialism is best for stability with slow growth, and communism is best for complete stability.
studylog: 1/1/18 1136 Competition is critical for quality.
It is true that capitalism is good for growth and innovation but it is a system that based on rich and poor categories. Maybe it's symbolize freedom for some people but for other it's a trap ( espacialy for the extreme poor people ) because rich people tend to have more and more and the poor one tend to have less and less ( pareto law 80/20 rules ) as long as we are in this system the wold will never be peacefull . Innovation is good for humanity i agree ! But capitalism is just the best worst choice !
Capitalism leaves the most room for innovation. When you give people financial freedom, some will choose to develop innovations. People are always coming up with ideas in all three types of societies. But in capitalism the choice to create a business can result in an innovation that helps all of mankind. With socialism you have less people making that choice to invest in innovation. With communism you have no people making that choice to invest in innovation. So capitalism comes out on top in terms of creating innovation.
We could live w/o Mcdonalds and fast food. Sam Walton has got a great mentality. Bought his book.
Capitalism is like a pyramid. Few on the top flourishes and many on the bottom fight for crumbs. With so much innovation in agriculture and technologies, then why so many are displeased with the system especially in the U.S. Socialism is like the star of David. Communities work toward the betterment of all citizens and all have partial ownership in service and product productions. Nations such as Norway, Switzerland, and Canada are more toward a Socialism states with success in social programs but lacking in areas such as medical timeliness and an overwhelming amount of citizens that rely on welfare. The answer is probably a hybrid of both philosophies.
Capitalism all the way!
Capitalism, as bad as it sounds to some people, is easily the best economy structure. There is so much more room for growth and innovation, much more people have a chance to follow their dreams, people make the impossible possible.
I would say capitalism. But I'm not convinced. Long term capitalism is causing more and more 'rich families' who remind me of feudal times. Which might go against progress. Progress is not always equal to more profit (a medical cure can make less money than long term treatment, green energy and environment friendly technology often does not equal more profit ) So I can't make a black and white choice. But interesting stuff to think about.
8
Capitalism I think would balance out and help the rich and poor more than socialism and communism. Especially with looking at Walton and the way others structured things
capitalism because it offers more competition socialism is better than communism but it still doesn't have the success that capitalism has it's wider and people have the chance to grow
Z,what made people succesful ? did socialism help or communism help , neither did because there won't be much competition as in capitalism
Capitalism absolutely is best because it offer most best free democracy and where everybody have opportunities to reach goals of wellness with independence as well.
Capitalism FTW. Everyone is unique and plays a part in overall growth with new ideas or carrying out other peoples ideas for expansion. Communism, everyone on the same playing field means there is no leaders and reduced development. Capitalism is freedom.
Capitalism, Socialism, or Communism? There is also Fascism. I'm assuming he just put that in with communism which is explained to be the most ruthless form of control over a country or region. Fascism.
American dream.... and hard work
capitalism allows growth for some to succeed instead of everyone failing
Capitalism causes competition and this will lead to the maximum results.
Capitalism all the way but it has its own flaws I thinks combination of both capitalism and communism would be best just my opinion though.
god bless capitalism
Capitalism rules baby!
I lived in Yugoslavia, in socialism, and now live in Serbia, the former Yugoslav republic, communism / socialism was paradise (free education, health care, free apartments, 13 required wages, high standard of living, vacations, winter, strong state, life no credit ...), and today's capitalism is slavery, work 24/7 all year round with or without annual leave for a minimum wage that is sufficient for the bills and survive and now everything is reversed, without further ado,
Not every political system is applicable to every nation, we fit a totalitarian regime, because we as a people ruined socialism for capitalism, not because we are such a nation
Not capitalism nor democracy for everyone
as far as the case with the Olympics, something that makes competition capitalism, the Soviet Union sent the first man into space, and the other America, creative capitalism did not do it, so as far as the competition, inequality, not equality of capitalism is not omnipotent
and that, look at film Red Army, a documentary about the hockey teams of the USSR and the USA, is not communism as bad as the people in America are described or disgusted
Sasa Nikolic The Yugoslavian model of socialism was very similar to the Indonesian one both countries were very strong and the workers had high productivity. After western capitalism was introduced to our countries we became shit holes. In Yugoslavia all the people fought each other and now many parts are poor while in Indonesia many people are now very poor. The economic system of Tito, Nasser and Sukarno are in my opinion the best.
No, I lived in Socialsm and I live in capitalism, for me, firts is better, in my contry capitalism is slavery,
so I say , capitalism is not applicable everywhere, for people in Serbia is
best autocracy because we are such a nation, we destroy ourselves, without a strong hand capitalism is only anarchy,
our mentality is not for such a political arrangement
Sasa Nikolic Capitalism under the American conservative model is slavery. When American capitalism was introduced to different countries those countries became shitholes.
Sasa Nikolic I wish Tito was still alive he was the best. Nasser Sukarno and Tito held their country well under socialism.
Capitalism all the way!