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.

Inconsistent Conservative Interventionists

With the recent news about North Korea and South Korea uniting for the Olympics and perhaps further diplomatic discussions, I am reminded of the (numerous) inconsistencies of the supposedly conservative, free-market neocons. Here is one in particular: These folks often believe in the market rather than a central planner and at the same time believe the communist government of North Korea is an existential threat to the US. 

Voluntary Law and Order

People are not all the same, and they make different choices because they have different values, circumstances, and levels of understanding. Sometimes those choices are peaceful and wise; sometimes they are not. So what are the best ways to promote good choices and cooperation while preventing and providing resolution for conflict?

Healthcare: A House Divided Cannot Stand

I predict that the US government will adopt a “single-payer” healthcare system no later than 2030, and probably sooner. And while I oppose that outcome and believe its results will be far worse than a real free-market system would produce, I also suspect that those results will be better than the current half-fish, half-fowl, largely socialized but with fake “private” players sucking it dry, system.