Socialism vs Capitalism: The Soho Debates - Politics Forum.org | PoFo

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As either the transitional stage to communism or legitimate socio-economic ends in its own right.
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#15050070
I liked listening to this debate between my favorite Marxist economist Richard Wolff and a prominent Capitalist expert:



Which of these two you agree or disagree with and why?
#15050472
I am sorry T88 but I cannot watch a video for 1:38:44 but I will chime in on this age old debate. I have listened to defenders of capitalism rail on and on about the wonders of capitalism and many , possibly most, of their arguments cannot be effectively disputed, as presented. But, I have NEVER one of these defenders mention predatory capitalism. I can discuss predatory capitalism for hours but I must take a nap and go jogging. Predatory capitalism is, essentially, when the haves rig the deck in favor of themselves against the have nots. This can be accomplished in many ways. Let's look at Obese Donald's main "accomplishments" : a huge tax reduction for billionaires and corporations and rolling back of as many "regulations" as possible which will enable the monied class to dump their pollution, poison and filth into the water and air without having to be bothered with annoying time and profit consuming "regulations".

Image
Preditory Capitalism ^.

When Donald took power America had a half way decent system of capitalism/socialism. Social Security, medicare, Medicaid and regulations that protect quality of life for the majority of citizens. He has done a good job of rolling back taxes for the already massively wealthy and poisoning the environment while, at the same time, hiding his predatory actions behind an endless smoke screen lies and broken promises for the common man (and woman).

We need the next F.D.R. who will actually try to do the greatest good for the greatest number of people.

"It is an unfortunate human failing that a full pocketbook often groans more loudly than an empty stomach." Franklin D. Roosevelt

"Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle. "Franklin D. Roosevelt

Long story short …… socialism has a heart and looks out for the majority while capitalism looks good on paper but ends up making the rich richer and the poor poorer.
#15051291
I watched the entire video, but I'm probably biased because I'm already a fan of Richard Wolff.

I agree with his presentation in this video because he spoke of reality, characterized it factually, and had good replies to challenges. His opponent relied more on cliches, talking points, and the standard assortment of contrived objections.
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