Debate Help: Is Capitalism the best model for the world economy?
I'm on side affirmative and I'm not sure how to tie capitalism to the WORLD ECONOMY
This is how I defined the topic:
Capitalism is an economic system where private entities own and operate the factors of production, as opposed to the government. The world economy entails the international exchange of goods and services where participants include governments, firms, and individuals.
- martinLv 78 months agoFavorite Answer
Capitalism and Socialism mixed together has proven to be the best kind of economy.
- OiyLv 68 months ago
Socialism is dead. Capitalism is the only system in the world.(Milton Friedman). But this capitalism in this context means Hong Kong before China took over. Even the US cannot fulfill the term capitalism.
- ZirpLv 78 months ago
No. Capitalism "allows" millions to starve while there's food enough for all.
I disagree with the "as opposed to the government"-part in your definition.
Most Communists and Socialists advocate that the means of production be owned by the workers/people or their local collectives.
Capitalism also requires people and companies to compete on a market, and that wages and prices are determined by supply-and-demand
- The TaxpayerLv 78 months ago
All the poorest countries operate on a socialistic system. In those countries, only the ruling class enjoys life. The richest countries have a capitalistic system where many enjoy life.