John Hagee| SPECIAL PRESENTATION Socialism #39; | John Hagee 2015
http://www.jhm.org/ John Hagee| John Hagee Sermons 2015 | John Hagee 2015 Full Sermons| John Hagee Full Sermons| Pastor John Hagee. # Subcribe for More: http://goo.gl/9xHE5c John Hagee John ...
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John Hagee| SPECIAL PRESENTATION Socialism' | John Hagee 2015 - Video
National Socialism Explained by Commander Rockwell
Commander George Lincoln Rockwell explains the spiritual ideology of National Socialism. Much thanks to Oscar Turner for making this video.
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National Socialism Explained by Commander Rockwell - Video
HRHS Public Speaking 2015 - 10 Socialism
The Heritage Regional High School Public Speaking Competition. March 20, 2015.
By: RIVERSIDE TV
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HRHS Public Speaking 2015 - 10 Socialism - Video
A:
In political economy, elements of a market economy and a socialist economy can be combined into a mixed economy. Most modern countries operate with a mixed economic system; government and private individuals both influence production and distribution. These countries don't have a purely free market or socialist economy.
Economist and social theorist Hans Herman Hoppe wrote that there are only two archetypes in economic affairs: socialism and capitalism. Capitalism carries full protection of private property and free association. Socialism is completely controlled by the state and public goods. According to Hoppe, every real system is a combination of these archetypes.
Historically, there are two trajectories for mixed economies. The first type assumes that private individuals have the right to own property, produce and trade. State intervention takes placed in the name of protecting consumers, providing welfare or supporting important industries. Most western democracies, such as the United States, follow this model.
The second trajectory involves states that evolved from pure collectivist or totalitarian regimes. Individuals' interests are considered a distant second to state interests, but elements of capitalism are adopted to promote economic growth. China and Russia are examples of the second model.
In 1985, political economy theorists Wolfgang Streeck and Philippe Schmitter introduced the term "economic governance" to describe markets that are not spontaneous but have to be created and maintained by institutions. The state, to pursue its objectives, needs to create a market that follows its rules.
This is counter to the ideas introduced by Adam Smith in "The Wealth of Nations." Smith believed that markets were a spontaneous order and that the state could not direct it. Later economists including John-Baptiste Say, F.A. Hayek, Milton Friedman and Joseph Schumpeter would expand on this idea.
There is an inherent challenge in the philosophy of a mixed economy. Socialism and capitalism possess diametrically opposite assumptions. The mixed economy becomes a never-ending balancing act between predictable obedience to the state and the unpredictable consequences of individual behavior.
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Can a country be both a market economy and a socialist economy?
A:
Market economies and socialist economies differ by their logical underpinnings, stated or implied objectives, and structures of ownership and production. Several philosophical questions lie at the heart of the debate between socialism and capitalism: What is the role of government? What constitutes a human right? What roles should equality and justice play in a society?
Functionally, socialism and free-market capitalism can be divided on property rights and control of production. In a capitalist economy, private individuals own the means of production and the right to profit from them; private property rights are taken very seriously and apply to nearly everything. In a socialist economy, the government owns and controls the means of production; personal property is sometimes allowed, but only in the form of consumer goods.
Socialists and free-market economists tend to agree on fundamental economics the supply and demand framework, for instance while disagreeing about its proper adaptation. Both sides claim that the opposite system of coordination leads to undesirable economic outcomes.
Market economies rely on the separate actions of self-determining individuals to determine production, distribution and consumption. Proponents say that freely floating market prices direct resources towards their most efficient ends. Profits are encouraged and drive future production.
Socialist economies rely on either the government or worker cooperatives to drive production and distribution. Consumption is regulated, but it is still partially left up to individuals. The state determines how main resources are used and taxes wealth for redistributive efforts.
There are many points of contention between these two systems. Socialists consider capitalism and the free market to be unfair and possibly unsustainable. Capitalist economists counter by suggesting that socialism is impractical and inefficient.
For example, most socialists contend that market capitalism is incapable of providing enough subsistence to the lower classes. They contend that greedy owners suppress wages and seek to retain profits for themselves.
Proponents of market capitalism argue that it is impossible for socialist economies to allocate scarce resources efficiently without real market prices. They claim shortages, surpluses and political corruption will lead to more poverty, not less.
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What are the main differences between a market economy and a socialist economy?