NOTE: The thread is NOT about debateing the merits of either Socialism or Capitalism. Please don't go there, as I don't want this thread to be closed before I can get peoples' input on sources.

Hey all,

I am going to be involved in an informal debate in the Real World, not at BABB concerning the merits of Socialism and Capitalism. Now, I know the basics from my Micro- and MacroEconomic courses in college but I want to do some research that really looks into the two systems and criticises them both positivly and negativly (I want to avoid Straw Men versions)

My question: do any of you have any sources you would recommend? I am quite happy to go to the library so the recommended sources do not have to be on the Internet.

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Carl Matherly

Offical Battlestar Galactica Apologist

Named Time Magazine's 2006 "Person of the Year"

What is this "library" of which you speak?

Can't you just copy and paste articles from wikipedia? Economics was one of my least favorite subjects, so I'm afraid I won't be much help.

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I'm like one of those idiot savants...well, except for the savant part.

Theory of Zombie Relativity:
1) Everyone Else is a Zombie relative to You
2) Whether or not it matters is related to the inverse square of the distance between their teeth and your brain
(Quoted from Demigrog)

At the risk of belaboring the obvious, I would suggest going back to the seminal works of both: The Wealth of Nations by Adam Smith and Das Kapital by Karl Marx.

Important disclaimer: I have read neither of these books. They would be the first two that I would consult in such a research project, but not the last. Does anyone know of more recent works on each?

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Microsoft is over if you want it.

The bar has been lowered for the promotion of ATM ideas; the bar for the acceptance of ATM ideas must remain high.

Do you know the names of countries that are supposed to be either capitalist or socialist? If you do, you can look up information on them and compare them. The CIA factbook might be helpful for a quick overview of countries.

On the other side of the time spectrum, the two hottest books related to capitalism that just came out are "The Shock Doctrine: The Rise of Disaster Capitalism" by Naomi Klein and "The Age of Turbulence: Adventures in a New World" by Alan Greenspan. Since these books just came out and are making waves, there's a good chance they might come up in your debate. I'd check out both of them before the debate.

I can't offer much on this from an academic standpoint, but I do think that there are definitely certain areas of society where capitalistic competition makes utterly no sense (and of course many areas where it does). My main example is electric utilities. Would it make sense if many different competing companies were stringing their own separate transmission lines all over our cities and towns? That would be utter insanity. It would be an unneeded duplication of effort and expense that all consumers would end up paying for. There are many other excellent examples where "socialism" makes perfect economic sense.

The problem is, the word "socialism" carries such a bad connotation in the U.S. It is inevitably associated with Marxian socialism and therefore a stepping stone to communism. In the current world, this is ridiculous, but the ignorance and biases of Americans are, unfortunately, well rooted.

It's a matter of framing. Whoever is allowed to frame an argument has an almost insurmountable advantage. Obviously health care in the U.S. is a major problem. We've got hundreds or thousands of insurance companies that all want to maximize their profits, but at whose expense? Well, it's the patients. I think a central system would be a workable solution, but of course this would mean millions of people would lose their insurance company jobs. And once the argument is framed as "socialized medicine," well, you can just forget that potential solution simply because of the stigma attached to the word.

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Everyone is entitled to his own opinion, but not his own facts.

Cougar, the OP expressly asked that we not discuss the merits/drawbacks to either of these two systems, but rather was asking where he can find good reference material on the subject.

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I'm like one of those idiot savants...well, except for the savant part.

Theory of Zombie Relativity:
1) Everyone Else is a Zombie relative to You
2) Whether or not it matters is related to the inverse square of the distance between their teeth and your brain
(Quoted from Demigrog)

If you have access to an educational institution (a public library may qualify) you can login to JSTOR - it's a electronic source for academic papers. Just go there, do a search, and you've got everything you need.

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Quaeso quousque humi defixa tua mens erit? Nonne aspicis, quae in templa veneris?

The problem with trying to draw real world comparisons is that I do not think any of the basic appraoches (capitalism, market planning, socialism, communism) even exist in their pure form. Most, if not all countries, practice some hybrid.

I'd just hand in the following quote and call it a day:

Capitalism is where man takes advantage of his fellow man. Communism is the other way around.

Can't remember the source.

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Don of Borg - Cool, Calm, Collective.

"Within the next generation I believe that the world's leaders will discover that infant conditioning and narco-hypnosis are more efficient, as instruments of government, than clubs and prisons, and that the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley

And socialism is where they do it nicely?

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Numbers are not case sensitive. (me)

Y-y-y-yeah. At second glance, the OP seems extremely ambiguous. I quote:

So Matherly is going to be in a "debate concerning the merits of Socialism and Capitalism," but this thread is not about debating the merits of Socialism and Capitalism?

My intent was to give Matherly some ideas that might be used in such a debate, myself being a "source"... of some experience.

But OK, fine. Point, point, point elsewhere, but surely don't include any content here.

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Everyone is entitled to his own opinion, but not his own facts.

Sorry I don't mean to censor anyone, not that I have that right or ability anyway. Just don't want this to end up down the enevadable path that is political debate when discussing the two subjects.

And for the record, when I read the first two lines of the OP I had to do a double take. It does look funny "This thread is not about this" "I'm going to be debating this"

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I'm like one of those idiot savants...well, except for the savant part.

Theory of Zombie Relativity:
1) Everyone Else is a Zombie relative to You
2) Whether or not it matters is related to the inverse square of the distance between their teeth and your brain
(Quoted from Demigrog)

I know I keep repeating myself, but I thought Karl Popper's Open Society and Its Enemies, Volume II had an interesting dicussion of the flaws of capitalism and the motivations behind communism and fascism, in the run-up to World War II. You may think WWII is ancient history, but it was a decisive moment for these ideologies, and the prelude to the Cold War.

For lighter reading, anything by George Orwell, especially Animal Farm.

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"All your bias are belong to us." Ara Pacis
"A witty saying proves nothing." Voltaire

I have re-worded the OP. Sorry about the confusion

(And for the record, I am looking for source material I can read up on and possibly quote in my debate in the "real world")

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Carl Matherly

Offical Battlestar Galactica Apologist

Named Time Magazine's 2006 "Person of the Year"

Most of the suggestions so far are selling a particular viewpoint. I'd go with an introductory Economics college textbook, to get a generally well rounded discussion. And drink caffine, lots of caffine.

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Do try not to take me too seriously.

That's buying into a particular viewpoint, too.

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"All your bias are belong to us." Ara Pacis
"A witty saying proves nothing." Voltaire

An Economics textbook would only cover capitalism; to include socialism, you'd need an introductory Political Science textbook... unless what you're relly interested in is not socialism itself (a type of government) but the kind of economy that's typically associated with such governments... in which the words to watch for are "Command Economy" and "Wealth Redistribution".

Oh, that's just so capitalista!

[Just joking, of course. I think.]

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Everyone is entitled to his own opinion, but not his own facts.

if you are going to debate the merits of the two systems and try to figure out which is "better", just ask yourself which one better applies to basic human nature when they get together in societies.

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"blacker than the blackest black... times infinity."- Nathan Explosion
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