Self Regulation Should be a Higher Value

Another topic I have been thinking about recently however is, protesters are demanding the likes of Apple and Facebook make their products and services less enjoyable/provide less value.  These protesters claim that Apple holds them captive or Facebook is too addictive and hurting social cohesion.  I don’t disagree with this view but I don’t see this as a reason we need to protest.

Capitalism vs. Socialism: The Bruenig-Caplan Debate

“Capitalism” and “socialism” – what do these words even mean?  You could just say that capitalism is the economic system of countries like the United States, and socialism is the economic system of countries like the former Soviet Union.  In that case, I’d say that capitalism is at least ok, while socialism is hell on earth.  Perhaps my opponent would even agree!  It’s more fruitful, though, to treat capitalism and socialism as positions on the ideal economic system.  Something like: the capitalist ideal is that government plays very little role in the economy – and the socialist ideal is that government plays the leading role in the economy.  In that case, I say that capitalism is awesome, and socialism is terrible.