A debate, Capitalism Vs Communism

[the2real4mafol]

HappySqurriel said:

the2real4mafol said:

Capitalism has worked in Europe, East asia and America. But it's not working to well right now, and the leaders of these countries seem to have no idea how to fix it. Also, I know Stalin and Kim Jung Un are not on the same level of ordinary people, that is ashame but we in the west can't do anything about it. If communism was practiced by it's theory it would of been more anarchic rather than a dictator (which can form under both systems anyway)

The problem isn't that Capitalism is broken, the problem is that we've abandoned Capitalism in favour of a mix of Corporatism and Socialism ... Free market capitalism has most of the checks and balances in place to protect itself from anything except for government over-reach. The main role of the government in capitalism is to introduce (and enforce) regulations and oversight in order to prevent dangerous behaviour and corruption. When the government becomes an actor within the economy it creates systemic risk that is difficult to unwind, which is what we're currently experiencing.

I can understand the corporal part, but where exactly is the socialism? America and West Europe are not socialist at all, there are neo liberal.

All government needs to do though is stop giving subsidies to big companies that don't need them and fix any loopholes to eliminate corruption and act to try to prevent economic collapse in the first place. This recession needs to be the last one ever