The Nature of Capitalism: The DebateSubmitted by jd925 on Thu, 10/08/2009 - 03:14
From a Socialist, Capitalist, and Anarchist perspective.
That's the title of this debate I will participate in held at a local community college.. I'll be taking the Capitalist perspective. I'm really an Anarcho-capitalist, but the people representing the Anarchist perspective will be Anarcho-left....
Anyways I'm pretty comfortable with what I'm going to say and I want to educate the crowd as much as I can while keeping it simple... Here is the outline I have so far:
1. Capitalism vs socialism defined
private ownership vs state ownership
2. The concept of the state/government
Discuss the idea that the government does not perform magic and does not create something out of nothing; it only redistributes wealth. The value that free people create is used to enable the very existence of government.
3. The ethical argument: Capitalism enables the natural mechanism of voluntary exchange. Socialism requires stealing.
(I might throw in this quote from Rand I came across on capitalism.org: The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve “the common good.” It is true that capitalism does—if that catch-phrase has any meaning—but this is merely a secondary consequence. The moral justification of capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice.)
4. What is money? How does money work today?
(Discuss fractional reserve fiat-based central banking from the Austrian perspective and how our current system is contrary to free-market capitalism)
5. The practical argument: Socialism encourages a race toward mediocrity.
6. Historical accounts of true free market capitalism/statelessness...
-a thousand years in ancient Celtic Ireland: Rothbard wrote about this..
-early years after the American Revolution...
-modern examples??: New Zealand years ago, Hong Kong, Switzerland??
7. Historical examples of socialism/communism/Marxism:
Soviet Union - Stalin
China - Mao
Anyways... if any of you guys have resources or historical examples for points 6 and 7 that would help out... the more the better!.. Also for point 5 I'm looking for examples of how socialism encourages a race toward mediocrity (I think I remember a story of how a teacher gave everyone equal grades regardless of performance and after people realized this everyone got poor grades because no one had the incentive to study...... I thought that was good one..) Any thoughts or comments are welcome... Thanks!