Better for all, Capitalism or Socialism?

[GamingChartzFTW]

TheRealMafoo said:

That Guy said:
too long, didn't read.

Mafoo, I think its a little short sighted for you to claim a longer life expectancy in the name of capitalism. We also have programs like Unemployment, Social Security, and the FDIC, which are all pretty much social programs that were propped up in the past 100 years.

The United States was also a pretty Po-Dunk country back then; definitely not a world power. What changed it? Well two world wars pretty much wiped out the economies of the european countries, leaving only the United States standing as a world power.

Not that I am against capitalism, but lets not pretend that it is the sole reason why America has become a Superpower.

This thread is talking about economics more then politics. China is a world supper power, and it didn't get there with Capitalism.

No, I am talking about the advancements in science that have brought us to where we are today. The primary reason people live longer today is three things. Better food, better medication, and better work environments. I attribute all three of those to technology. I also attribute almost all technology advancements in the last 50 years to free markets.

 

Fallacy.

After the post war period we, the Western World, have established ourselves as Laissez-faire-ish free markets. In other words: Advancements could not have come from our previous forms of capitalism.

Read my earlier post about the 'grand context' of European Capitalism and its History.