Hi /newpol/, socialist here. Convince me to become pro-capitalism/Libertarian.
Name:
Anonymous2010-07-23 3:26
Capitalism provides lower prices (not always lower than central planning) and higher quality (nearly always higher than central planning) in a market, given the equivalence of other factors.
However, more importantly, in a centrally planned economy or something similar, personal incentive to excel does not exist because it is typically not rewarded. Obviously you get exceptions, like Che Guevara, who was a respectable and honorable man who worked for the sake of others, but for the common man, this is almost always true. This is the main problem with socialism, I think.