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12 Comments Already

ThaPH Said,
April 10th, 2011 @2:40 am  

Look at Greece. They’re motivated by socialism……….they riot when they cant get their welfare checks

Thomas D Said,
April 10th, 2011 @3:22 am  

I think you have confused Socialism with Communism.

Socialism is the Government takeover of Industry, profit is still there it just goes to the Government. Think about the oil industry in Venezuela as a good example. The workers did not make more when it was taken over by the Government, the Government just took all the profits for themselves.

You also might be confusing worker buyouts of companies with Socialism.


You might want to rethink your edit there, Communism is an economic system not a political one. That is why technically the USSR was Democratic (political) as well as Communist (economic)

EDIT 2 : Repeat after me :”Under Socialism profit goes to the Government not the workers”. I do not think you understand this.

Socialism “a system or condition of society in which the means of production are owned and controlled by the state”

EDIT 3: Your own link says Socialism is “a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. ”

This means state ownership, which means profits go to the state not the individual workers in the company.

EDIT 4: But what you suppose is that profit stays within the company to be distributed to those workers. In Socialism it is sent to the community (State) to be shared by all. So to give you an example let us say you have two steel mills, in one the workers work hard and produce more. In the other mill they do not work as hard and thereby produce less. Under Socialism this would not matter because under Socialism the profit from both companies in sent to the State and the money is distributed among all.

So to answer your question workers under Socialism would have less or equal amounts of incentive to produce more.

Antithesis Said,
April 10th, 2011 @3:30 am  

Capitalism is negative reinforcement, socialism is positive reinforcement. What sounds more enjoyable?

Joe Said,
April 10th, 2011 @3:56 am  

Many companies actually have profit shareing, so at the end of the year they give back in a percentage to all employees.

Capitalism all the way.

Cult of Personality Said,
April 10th, 2011 @4:34 am  

I think your thinking about communism. In communism the workers own the means of production. This means they all have a stake in the company. In capitalism, the capitalist owns the capital and only he has the risks; the workers in this systems are just peons. In socialism, the government owns capital.

Matthew D Said,
April 10th, 2011 @5:20 am  

Social capitalism is the best. People are too rotten for capitalism to work.

Ancient Thinker Said,
April 10th, 2011 @5:22 am  

It depends on the worker.that’s more a psychology question

ShamWow Said,
April 10th, 2011 @5:51 am  

Name one country where socialism is king and where they have the same standards of living as people in the United States.
Name one country where socialism is king and that country is a super power.
Enough said!

zzsleepur Said,
April 10th, 2011 @6:00 am  

YOU fail to mention one BIG FACT!

The government is the biggest employer in our country not private businesses.. YET government pays their employees 75,000 dollars to the 35,000 dollar paychecks of private business do. NOT mentioning the ridiculous fees of politicans and all their freebies and benefits for LIFE and the plane and pilots for PELOSI etc…….

Then you have to stop and actually think of WHO IS PAYING THOSE GOVERNMENT JOB SALARIES? Who is greedy and who is more capitalistic?

GOVERNMENT JOB HOLDERS. DEMANDING MORE THAN THEY ARE WORTH and get more than private business job holders!

I think the greed is in the government..not private business.

LOOK at the welfare system…and all social programs. PRIVATE BUSINESS PAYS FOR IT..not government! WE PAY GOVERNMENT TO WORK THOSE PROGRAMS…the GOVERNMENT DOES NOT!

Person Said,
April 10th, 2011 @6:30 am  

But what about the risk and work that the owner of the busniess would have put in just to make those profits?

And if the owner does not see a potential for big profits, then no one is going to want to go into busniess because its apprently not worth it, so then what happens when there is no busniess because there is a lack of busniessmen?

EDIT: But many busniessmen do rely on loans in capitalist soceities anyways, and an instituion in which many people share the risk is also known as a Corporation… but if workers are going to get all the profits instead of investors then why would someone invest in the first place? I doubt many workers are going to have the kind of money to actually invest into a company. So essentialy if no one is going to want to invest or take the risk, and if workers dont have the kind of money to take that risk, where is the money to start a company going to come from?

DukeofDixie Said,
April 10th, 2011 @6:57 am  

In Socialism, the government decides where the profit goes and 99% of the time it is not to the workers, it goes to their pet projects , did Saddam Hussein give the people of Iraq the profits or did he use those profits to build up his military or buy yachts or build statues of himself, does Kim Jong il give the people the profits or does he use their profits to build nuclear weapons and his army, does the leader of Iran , give the people their profits or does he use their profits to build his nuclear weapons and army–I think I will stay with Capitalism and make those decisions myself and leave the Government out of the decision of what is best for me and my family–Socialism may be OK if JESUS was the leader of our country, but until that time comes , I will never trust a living man to have that much power*********************************************

stygianwolfe Said,
April 10th, 2011 @7:48 am  

Read ” the first thanksgiving’ the real story.
then On your question, what you so lamely described using wally world is, that that under capitalism. people have a choice. you don’t like your employer, you quit and go elsewhere. If you want to reap the profits, you create your own business. If you chose to reward your employees with profit sharing you can do so( ask any computer programmer working in silicone valley), under socialism this is not possible to do freely.

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