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Edited by Tiber of Astora:
7/31/2015 11:26:09 PM
13
With Which Theory Do You Align Yourself?
[b][i]With which political theory do you align yourself?[/i][/b]
Keep these economic systems in mind:
[b]Socialism[/b]-a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Synonyms-leftism; progressivism, social democracy; communism, Marxism, labor movement
[b]Capitalism[/b]-an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Synonyms-free enterprise, private enterprise, the free market; enterprise culture
Socialism plays into collectivism just as Capitalism plays into individualism.
•Collectivism-the practice or principle of giving a group priority over each individual in it.
Alternate Definition-the political principle of centralized social and economic control.
•Individualism-a social theory favoring freedom of action for individuals over collective or state control.
[b]I will keep my written opinion out of this thread as to not taint the poll.[/b]
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1 ReplyIndividualist/Somewhat Collectivist I guess economically that would make me a controlled-capitalist or mild-socialist. I detest pure socialism and other Marxist ideologies because I am a strong supporter of autonomy for the individual. However, I feel that pure, unbridled capitalism also inevitably leads to the same thing since once well-established corporations form monopolies, take over the economy, and destroy any opportunity for others, individual freedom becomes a delusion. It's like when hardcore libertarians advocate anarchy--it's good in principle, but anarchy inevitably leads to some form of government once a particular group takes over. That said, I support capitalism but with some socialistic safeguards to ensure the integrity of the free-market and thus prevent the negative repercussions of pure, unbridled capitalism.
