by Summary:
Advocates of capitalism would argue that this analysis overlooks the role of individual incentive in socio-economic motivation, productivity, innovation, and risk-taking. On the other hand, there are also good arguments for creating socio-economic systems that integrate individual and social, and competition and cooperation. In addition, "human nature" tends to ignore or deny diversity, among individuals, groups, and societies and their cultures.The former communist countries are now forced to grapple with these issues in arriving at a new development model that integrates seeming opposites. The present capitalist models are unattractive as exemplars owing to the socio-economic dysfunctionality that is associated with them, e.g., inequality, oligarchy, plutonomy, imperialism, and other
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Advocates of capitalism would argue that this analysis overlooks the role of individual incentive in socio-economic motivation, productivity, innovation, and risk-taking. On the other hand, there are also good arguments for creating socio-economic systems that integrate individual and social, and competition and cooperation. In addition, "human nature" tends to ignore or deny diversity, among individuals, groups, and societies and their cultures.The former communist countries are now forced to grapple with these issues in arriving at a new development model that integrates seeming opposites. The present capitalist models are unattractive as exemplars owing to the socio-economic dysfunctionality that is associated with them, e.g., inequality, oligarchy, plutonomy, imperialism, and other
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Advocates of capitalism would argue that this analysis overlooks the role of individual incentive in socio-economic motivation, productivity, innovation, and risk-taking. On the other hand, there are also good arguments for creating socio-economic systems that integrate individual and social, and competition and cooperation. In addition, "human nature" tends to ignore or deny diversity, among individuals, groups, and societies and their cultures.
The former communist countries are now forced to grapple with these issues in arriving at a new development model that integrates seeming opposites. The present capitalist models are unattractive as exemplars owing to the socio-economic dysfunctionality that is associated with them, e.g., inequality, oligarchy, plutonomy, imperialism, and other asymmetries, as well as socializing negative externality.
That said, the post does raise some important questions and makes some good points.
What is the most successful model presently and what are its pros and cons and how could it be improved. The Scandinavian model was held up in this regard but there has been some retrenchment toward the failed neoliberal model.
Human nature is no barrier to socialism
Louise O'Shea