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The historical record is clear: the single, most effective way to reduce world poverty is economic growth. Western countries began discovering this around 1820 when they broke with the historical norm of low growth and initiated an era of dramatic advances in material well-being. Living standards tripled in Europe and quadrupled in the United States in that century, improving at an even faster pace in the next 100 years. Economic growth thus eliminated mass poverty in what is today considered the developed world.
[...]
The West's escape from poverty did not occur by chance.
[...]
The most comprehensive empirical study on the relationship between economic policies and prosperity is the Fraser Institute's "Economic Freedom of the World" annual report. It looks at more than 20 components of economic freedom, ranging from size of government to monetary and trade policy, in 123 countries over a 25-year period. The study finds a strong relationship between economic freedom and prosperity. Divided by quintiles, the freest economies have an average per capita income of $19,800 compared with $2,210 in the least free quintile. Freer economies also grow faster than less free economies.
1) How can you reconcile the economic realities with your assertion that modern American capitalism is worse than a medieval monarchy?
2) So far we have discussed living conditions and economic opportunity in general. To what extent do you intend this debate to be about Generational Servitude? (The title of the debate but not the topic. . .)
3) You’ve painted the situation in America rather grimly, yet you’ve avoided a comparison with a medieval monarchy. Comparatively, how exactly is American capitalism worse?
4) You said that we’re living in slavery right now. By accepted definitions of slavery, this is not true. What definition are you using?
5) How do you account for the countless number of people born into a certain economic class who move up in the world throughout their life?
“Based on my opponents opening argument, I suspect that his tactic will be to convince readers that America today is a slave state and that life as a common person is terrible and hopeless because of "the elite" behind the scenes who secretly control and manipulate everything and everyone for their own benefit. The tale that he will tell is a fictional one, and as such he will be able to provide no evidence in support of it. I intend to make it impossible for him to reconcile his preposterous position with the facts.”
is an economic system in which the means of production are privately owned and operated for a private profit; decisions regarding supply, demand, price, distribution, and investments are made by private actors in the free market; profit is sent to owners who invest in businesses, and wages are paid to workers employed by businesses and companies.
The practice or doctrine of giving a centralized government control over economic planning and policy.
is the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it.
is an effort to cut off food, supplies, war materiel or communications from a particular area by force, either in part or totally.
Economic sanctions - typically a ban on trade, possibly limited to certain sectors such as armaments, or with certain exceptions (such as food and medicine)
"In the developing world, there is a pattern of inequality caused by the powerful subjugating the poor and keeping them dependent. Outside influence is often a large factor and access to trade and resources is the usual cause. It is often asked why the people of these countries do not stand up for themselves. In most cases when they do, they face incredible and often violent oppression from their ruling elites and from outsiders who see their national interests threatened"
Well, the modern American capitalism has created more debt per person than any other nation, empire or kingdom has ever done. Debt enslaves people in a capitalistic world, so I would say that modern American capitalism has enslaved more people than any other before it.
There are less people who own personal property and capital to day then in the medieval times.
"Under traditional (i.e., nonindustrialized) modes of economic production, widespread poverty had been accepted as inevitable. The total output of goods and services, even if equally distributed, would still have been insufficient to give the entire population a comfortable standard of living by prevailing standards. With the economic productivity that resulted from industrialization, however, this ceased to be the case"
Harvard economist Robert Barro notes that per capita income in the United States grew at an average 1.75 percent per year from 1870 to 1990, making Americans the richest people in the world.
This is not just about money or who has earned more wealth. It is also about the ethics behind the creation of wealth and who actually owns it. The kings, emperors and the elites where very wealthy in the medieval times as well. The common man was kept from rising do to class, rank and lack of personal property “wealth”. The same tactic is used to day with capitalism.
The majority of the human population cant own wealth, capital or property. Because that reduces the demand for human labour, leasing and borrowing. Which is modern American capitalism.
Modern American Capitalism is regulated by government doctrines. It is not a free and open market. A capitalist cannot trade with whomever he wants or how he wants. How the capitalist conduct he’s businesses is regulated by the managing system of the government. The capitalists have borrowed money from the government. Which makes the modern American capitalistic system a government sponsored enterprises. When modern American capitalism is really suppose to be a Countervailing power for corruption and other illegal activities.
If the capitalistic system or government was interested in creating wealth for every human being. . .
Well, we have poverty when 80% of the world population don’t really have ownership over any property or real capital.
1) If the economic system in America is not capitalism (as the economists seem to believe it is…), what type of economic system is it?
2)Which of the two systems of interest do you believe did/does more to aid it’s poorest people?
3)Which of the two systems of interest do you believe grants the government/king more control of the economy?
4)Based on your assessment, what economic system would be ideal?
5) If taxes amount to slavery in your opinion, why do you think American’s intentionally elect politicians who support higher taxes?
A republic is a state under a form of government in which the people, or some significant portion of them, retain supreme control over the government.[1][2] The term is generally also understood to describe a state where most decisions are made with reference to established laws, rather than the discretion of a head of state, and therefore monarchy is today generally considered to be incompatible with being a republic.
Democracy is a form of political organization in which all people, through consensus (consensus democracy), direct referendum (direct democracy), or elected representatives (representative democracy) exercise equal control over the matters which affect their interests.
The oligarchy (from Greek ὀλιγαρχία, oligarkhía[1]) is a form of power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.
Oversimplified the modern American system can be describes as capitalism, but it is not.
Modern American capitalism is a mixed economy, where the government play the important role over the private enterprise. Modern American capitalism is a government run enterprise.
It is a Oligarchy.
[…]
Democracy:
Democracy is a form of political organization in which all people, through consensus (consensus democracy), direct referendum (direct democracy), or elected representatives (representative democracy) exercise equal control over the matters which affect their interests.
Oligarchy:
The oligarchy (from Greek ὀλιγαρχία, oligarkhía[1]) is a form of power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.
There are the three political and economical stages Rome went through. Modern American capitalism is between Democracy and Oligarchy, but more close to Oligarchy. Soon modern American capitalism will be totally controlled by a Oligarchy system of power.
2)Which of the two systems of interest do you believe did/does more to aid it’s poorest people?
None of them. They are the same but where one is more evolved.
… modern American capitalism has become government controlled. The head of government acts as the King.
1) What, exactly, is superior about a medieval monarchy when compared to the modern American system?
2) Perhaps this is the same question. . . What, exactly, is worse about the modern American system than medieval monarchy?
3) If you’re saying that they are essentially the same, how does that support your position, that “Modern American Capitalism Is Worse Than Medieval Monarchy?”
“The situation is this: my opponents position, that "Modern American Capitalism Is Worse Than Medieval Monarchy,” is indefensible. It’s clear that modern American capitalism is superior and all evidence is indicative of this fact”.
Democracy is a form of political organization in which all people, through consensus (consensus democracy), direct referendum (direct democracy), or elected representatives (representative democracy) exercise equal control over the matters which affect their interests
that what distinguished a democracy from a republic was that the former became weaker as it got larger and suffered more violently from the effects of faction, whereas a republic could get stronger as it got larger and combats faction by its very structure.
1) What, exactly, is superior about a medieval monarchy when compared to the modern American system?
I will say this as my answer: Modern American capitalism will be the shortest lived economic system ever. The system is on the verge of collapse as we speak. And that is only after it has been in motion for barely a hundred years compare to Rome’s 482 years.
That we don’t see anything that is fundamentally wrong with our own present modern American capitalistic system.
That is why it will be the shortest lived and most painful economic system ever experienced by us common wage slaves.
First of all, the notion that modern American capitalism is on the verge of collapse is a fringe view that is totally unsupported by the facts. America has by far the largest economy in the world; we produce and consumer much more than any other country both in total and per capita.
“we produce and consumer much more than any other country both in total and per capita”.
Net Energy Gain (NEG) is a concept used in energy economics that refers to the difference between the energy expended to harvest an energy source and the amount of energy gained from that harvest.
During the 1920s, 50 barrels of crude oil were extracted for every barrel of crude used in the extraction and refining process. Today only 5 barrels are harvested for every barrel used. When the net energy gain of an energy source reaches zero, then the source is no longer contributing energy to an economy.
Three main conclusions were reached by this study. The first suggests that within a time span of less than 100 years with no major change in the physical, economic, or social relationships that have traditionally governed world development, society will run out of the nonrenewable resources on which the industrial base depends. When the resources have been depleted, a precipitous collapse of the economic system will result, manifested in massive unemployment, decreased food production, and a decline in population as the death rate soars. There is no smooth transition, no gradual slowing down of activity; rather, the economic system consumes successively larger amounts of the depletable resources until they are gone. The characteristic behavior of the system is overshoot and collapse.
The second conclusion of the study is that piecemeal approaches to solving the individual problems will not be successful. To demonstrate this point, the authors arbitrarily double their estimates of the resource base and allow the model to trace out an alternative vision based on this new higher level of resources. In this alternative vision the collapse still occurs, but this time it is caused by excessive pollution generated by the increased pace of industrialization permitted by the greater availability of resources. The authors then suggest that if the depletable resource and pollution problems were somehow jointly solved, population would grow unabated and the availability of food would become the binding constraint. In this model the removal of one limit merely causes the system to bump subsequently into another one, usually with more dire consequences.
As its third and final conclusion, the study suggests that overshoot and collapse can be avoided only by an immediate limit on population and pollution, as well as a cessation of economic growth. The portrait painted shows only two possible outcomes: the termination of growth by self-restraint and conscious policy—an approach that avoids the collapse—or the termination of growth by a collision with the natural limits, resulting in societal collapse. Thus, according to this study, one way or the other, growth will cease. The only issue is whether the conditions under which it will cease will be congenial or hostile.
In 2008 Graham Turner at the Commonwealth Scientific and Industrial Research Organisation (CSIRO) in Australia published a paper called "A Comparison of `The Limits to Growth` with Thirty Years of Reality".[6][7] It examined the past thirty years of reality with the predictions made in 1972 and found that changes in industrial production, food production and pollution are all in line with the book's predictions of economic and societal collapse in the 21st century.[8]
Modern American capitalism is better for more people no matter how you slice it. Ridiculous apocalyptic predictions aside; this system is booming and medieval monarchies are dead.
Net Energy Will Lead To The End Of American Capitalism And To A Rapid Decline In World Population.
Because of our easy access to fossil fuel energy; there is a significantly larger population today than could have ever survived without it.
The only negative with a monarchy is that it is dangerously close to becoming/being a dictatorship or tyranny. But people can at least do something about that. But Modern American capitalism is a fast exit to a possible human extinction event and there is nothing we can do about it; if we keep a present course of action.
The above is essentially what my opponent has been saying all along, and none of it is true. There isn’t one thing that is “the only negative” about medieval monarchy. Poverty was the norm, oppression was inherent in the nature of the system, and life for everyone in involved - except perhaps the monarch - was worse. Modern American capitalism sustains a much higher quality of life for many more people, and our form of government - although it is not even the subject of this debate - is far superior than a monarchy and grants its citizens far more freedoms, rights, and powers. The idea that modern American capitalism is somehow “a fast exit” to human extinction couldn’t be farther from the truth. Humanity is thriving to a far greater degree in modern times - by any measure - than it was in medieval times. More people are alive and well, and more people are living higher quality of lives, than ever were under medieval monarchies. There is truly no sense in which a medieval monarchy is superior to modern American capitalism, and this fact is overwhelming supported by the evidence discussed in this debate.
So long as readers keep in mind the topic of this debate and distinguish between speculation and fact, the conclusion will be inevitable: modern American capitalism is better than medieval monarchy.
Once Returned wins.
Spy66 starts out with some very bad assumptions about culture and anthropology, based on personal opinion rather than investigating current scholarship on tribes and the rise of cities. Once Returned starts out with definitions and citations from sources. Spy's rebuttals miss the mark and, again, adding pictures (particularly historical political cartoons) does not help the debate. And his "modern American Capitalism has only been around for 100 years" claim is ... uhm... not correct.
Well fought debate!
spy66 presented an interesting slant, outlining an ongoing history of human “enslavement” a point of view that I had not considered before. He also provided a detailed analysis of how such influence has continued through time and how that influence is incorporated into our modern system from both private and government points.I do think he missed a golden opportunity by choosing not to press his opponent by utilizing tools such as Socratic questions and did lose some momentum by hammering the idea that American Capitalism is negative influence without equaling defending Monarchy as being more beneficial.
I thought that OnceReturned provided the better overall argument that Modern Capitalism is more beneficial by not only presenting the argument clearly and consistently, but also by using citations to validate the argument. O.R. also made use of Socratic questions that put challenge to the opponent and had him more on the defense. This may be the difference between debating tactics of the fighters, in this case it worked.
Overall, I give this one to OnceReturned. Thank you fighters, for an interesting read.