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Societies should implement capitalism
- Note: For the purposes of this argument, the word capitalism is defined as "a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at". [1]
Supporting arguments
The free trade inherent to capitalism results in a high degree of interconnectedness between states. This reduces the likelihood of war. [2]
- Related argument: Capitalism causes war.
Capitalism is the most productive and beneficial economic system known. It allows the highest proportion of the population to live comfortably compared to other forms of organization. [3] [4]
- Related argument: Capitalism is beneficial.
Capitalism the most efficient system at providing incentives for people to produce goods and services more efficiently, and to invent new products. [5]
Capitalism is the fairest system because it gives everyone an equal opportunity, allowing the smartest and most innovative people to succeed. [6]
- Related argument: Capitalism provides equal opportunities for all people.
When states control trade through regulations, the results are tyranny, ineffiency and other negative outcomes. Societies can prevent these outcomes by practicing capitalism. [7]
- Related argument: Governments are always exploitative.
- Related argument: State regulation of trade can be beneficial for societies.
Free market capitalism, being a system of voluntary exchanges, is the natural system of economic governance because it requires no principles except for voluntariness and freedom It is therefore desirable. [8]
- Applicable fallacy: Naturalistic fallacy.
It is easier for public pressure to affect private firms and organizations than government agencies. Private institutions are therefore more effective, and should be preferred over governments in all or most contexts. [9]
That capitalism is the best method of organizing society can be proven by looking at recent history, which proves that societies flourish in the absence or minimization of state regulation of trade. [10]
Capitalism uses supply and demand to set prices. This is the most efficient method and it produces optimum results for the greatest portion of the population. [11]
- Related argument: Value is determined by supply and demand.
Capitalism's efficiency can be established by looking at the superior economic success of Europe and European settlements in comparison to East Asian civilizations. The autocratic and centrally planned Asian countries were unable to compete internationally with the more private property-oriented Western world. [12]
Only capitalism is efficient enough in the production of goods and services to provide for what societies desire. [13]
Given a limited number of assumptions, a free market is mathematically certain to give a pareto efficient outcome. Pareto efficiency is universally desirable. [14]
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Opposing arguments
Capitalism is inefficient and unfair, which makes it a destructive force. Therefore, societies should not practice capitalism. [16]
- Related argument: Capitalism is destructive.
Capitalism has positive attributes. but it is not economically or environmentally sustainable over the long term. [17]
- Related argument: Capitalism is unsustainable.
Capitalism benefits the wealthy, enabling them to grow in money and power. This allows them a dominant role in shaping society, which is unfair and damaging. [18]
- Related argument: Capitalism benefits the wealthy.
Capitalism is destructive because it causes war. [19]
- Related argument: Capitalism causes war.
- Related argument: Capitalism is destructive.
Countries that practice some social welfare and socialized industries are more successful in the modern world than more highly capitalist countries. [20]
- Related argument: Modern social welfare states have better outcomes than states with more of a laissez-faire economic structure.
- Related argument: Societies should practice socialism.
Capitalism has failed to effectively value certain important goods, such as health care and clean air and water. It is important to use non-laissez-faire means to address these issues. [21]
- Related argument: Societies should practice laissez-faire economics.
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Notes
- ↑ Murray Rothbard
- ↑ Lordknukle
- ↑ Larry
- ↑ The Instigator
- ↑ Lordknukle
- ↑ Lordknukle
- ↑ Murray N. Rothbard
- ↑ Murray N. Rothbard
- ↑ Ewbrower
- ↑ Murray N. Rothbard
- ↑ The Instigator
- ↑ Erich Weede
- ↑ Erich Weede
- ↑ Wikipedia
- ↑ Andrew M. Greenwell
- ↑ Charles Sullivan
- ↑ Mike Folkerth
- ↑ Amveller
- ↑ craft105
- ↑ craft105
- ↑ Kenneth Rogoff
- ↑ jw101
| Wiki articles by viewpoint | |||
|---|---|---|---|
| Neutral wikis | Wikipedia: Capitalism Citizendium (Academic): Capitalism Debatepedia (Debates): None |
Viewpoints | Wikinfo (Sympathetic): Capitalism WhyItIsTerrible (Critical): None |
| Philosophies and topics | Atheism Wiki (Atheist): None FreeThoughtPedia (FreeThought): None Objectivism Wiki (Objectivist): None RationalWiki (Skeptic): Capitalism WikiSynergy (Conspiracy theories, inclusive): None EvoWiki (Evolutionary science): None LGBT Project (LGBT): None Religion Wiki (Religious): None |
Politics | Mises.org (Austro-libertarian): Capitalism Conservapedia (US right-wing, Christian conservative): None Ameriwiki (US right-wing, Christian conservative): None dKosopedia (US left-wing): Capitalism LeftSpace (US left-wing): None Liberapedia (US left-wing): Capitalism Metapedia (Neo-Nazi): Capitalism |
| Christian wikis | IronChariots (Biblical, counter-apologetics): None Christianity Knowledge Base (Christian): None WikiChristian (Christian): None A Storehouse of Knowledge (Christian): None Creation Wiki (Creationist): Capitalism Theopedia (Evangelical Protestant): None OrthodoxWiki (Orthodox Christian): None Catholic Wiki (Roman Catholic): None Theologia (Christian, ecumenical): None |
Other religious wikis | WikiIslam (anti-Islamic): None Bahaikipedia (Bahá’í): None Dhamma (Buddhist, Theravada): None Hindupedia (Hindu): None Judaism Wiki (Jewish): None Messianic (Messianic Jewish): None MuslimWiki (Muslim): None Wikipagan (Neopagan): None Scientology (Scientology, independent): None SikhiWiki (Sikh): None |
