Wednesday, October 29, 2014

Can socialism coexist with capitalism or are they oil and water?

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posted by Paddy Briggs @ 7:06 pm   1 Comments

1 Comments:

At 2:12 am , Blogger Socialist said...

In my learned opinion you are wrong Paddy.

First it is clear the third was has failed. A good look at history and where we are now shows that. All the problems of capitalism (neo-liberalism) around inequality, poverty, crime, austerity, workers exploitation , alienation, the drug problem, wars, debt ,growth, economic crises and failing economies are getting worse. Capitalism is a system that produces all that, as well as any good benefits you attribute to it.

Because even under 3rd way capitalists and banks rule supreme and the system trickles money to the top 1% (wealthy). Any benefits previous social-democratic parties have introduced have been virtually eliminated. They are still capitalist economies run by Govts for capitalists and bankers. Its necessary for Govt to run schools, hospitals, roads, and welfare in third way or the capitalist would end up with no workers as they could not afford those services and therefore be unable to work or by the capitalist goods. The majority of workers can barely afford necessary living costs.

Second while capitalism is based on capital, competition and exploitation of the worker having created the benefits attributed to it , they are also the problems with capitalism. These attributes will always lead to injustice.

Capitalism can never be reformed it must be replaced with something different. Private ownership of wealth must be eliminated and a social form installed in whatever form the people decide.

Malcolm

 

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