How Does Socialist Economics Compare to Capitalism?

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Discussion Overview

The discussion centers around the economic principles of socialism compared to capitalism, exploring various aspects of socialist theory, its historical figures, and its application in modern contexts. Participants express interest in preparing for a seminar on socialism, seeking resources, and clarifying concepts related to socialist economics.

Discussion Character

  • Exploratory
  • Technical explanation
  • Debate/contested
  • Homework-related

Main Points Raised

  • Some participants inquire about the economic functioning of socialism and its historical figures, such as Karl Marx, suggesting that he is the equivalent of Adam Smith for socialist economics.
  • Others argue that socialism has not been successful economically, comparing its relevance to outdated theories like phrenology.
  • Several participants propose various topics for exploration, including the contrast between socialism and communism, democratic socialism, and the role of human nature in socialist systems.
  • There are mentions of literary references to socialism, with suggestions to read authors like Dostoevsky and explore works by figures such as Einstein and Trotsky.
  • Some participants express uncertainty about the practical implications of socialist economic theories, particularly regarding human characteristics like greed.
  • Multiple participants recommend using Wikipedia as a resource, while others question its reliability and suggest independent verification of information.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the effectiveness of socialism as an economic system, with some asserting its failure while others suggest it has potential. There are competing views on the interpretation of socialism and its various forms, leading to an unresolved discussion.

Contextual Notes

Some participants note the complexity of socialism and the difficulty in narrowing down topics for research, indicating that the discussion may be limited by the varying definitions and interpretations of socialism.

Who May Find This Useful

This discussion may be useful for students and individuals interested in exploring socialist economics, historical perspectives on socialism, and the contrasts between different economic theories.

Dooga Blackrazor
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Can anyone inform me about how socialism works economically - or if it does/has at all? I want to do a 30 minute seminar on Socialism for English; however, I'm not sure how to present the theory postively from an economic standpoint.

Everyone knows capitalism because it has been taught to them since they were born, and, furthermore, the concept of capitalism is quite simple.

Socialism, however, has more variations. Is there an Adam Smith, so to speak, of Socialist Economics.

This project is not do for about two months, but we are going to a university library wednesday so I'd like to have some suggestions where to search.

Socialist topics not associated with economics are also welcome.

Ideas I have so far:

Communism/Socialism Contrast
Democratic Socialism and Social Democracy
Revolution vs Evolution
Modern Socialism vs Marxist Socialism
Idealism vs Realistic Socialism
Einstein's Socialist Views
Leon Trotsky, Lenin, and Stalin (Soviets)
Karl Marx
Antonio Gramsci
Civil Rights and Socialism
Maoism, Tibet, Modern China
Cuba - Fidel Castro
Communist/Socialist Instability - the definition crisis.
Human Nature - Malleable or Fixed.
Atheism

Some of these topics aren't going to be discusses as I would like to focus on socialism rather than communism; however, I must talk about communism consideirng that socialism and communism share heritage and ideological beliefs.

Socialism in fictional literature would be good, if you know of any examples. Not sure where to post this - i can delete/repost or it can be moved if it needs to go elsewhere.
 
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Wiki is your friend. Why does no one ever listen to me?

Yes, there is an "Adam smith" of socialist economics. His name was Karl Marx, you may have heard of him.

http://en.wikipedia.org/wiki/Marxist_economics

I think this forum is a fine place to put this.

If your looking for books your first choice should (obviously) be Das Kapital and the Communist Manifesto.

Additional reading:
http://en.wikipedia.org/wiki/Command_economy
http://en.wikipedia.org/wiki/Heterodox_economics

You might also look here. http://en.wikipedia.org/wiki/Socialist_economics but I wouldn't recommend it.


If I were you I'd want to do a more general report on alternative economic theories in general, not limit to "socialism". That would make for a more interesting (and pursuasive) presentation.

http://en.wikipedia.org/wiki/Post_Autistic_Economics
 
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It doesn't work. Never has, never will (not until marginal costs approach zero). Scientifically, it is as relevant today as phrenology.

As for literary references, read Dostoevsky. He understood what it means to be a Leftist.
 
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I could get more info for you if you want Dooga, and feel free to ask questions. If you've never done any serious socialism research before I think you'll be quite surprised when you realize just how in-depth socialist thinking really is.
 
I've done some research. I'm ok at the moment, but thanks for the links and information everyone. Unfortunately, I have to narrow my topic down, and, with something as complex as socialism, that might not be possible. I used some more percise topics and added some non-socialist topics onto my list just incase. I'll be taking them to my teacher tommorow. For more percise socialist topics, I have:

A Marxist Analysis of Canadian Political Parties
An Examination of Democratic Socialism in Canadian Politics
Anti-Revolutionary Democratic Socialism
Libertarian Socialism
Atheism's Importance in a Socialist State
A Contrast of Revolutionary and Evolutionary Socialism
Communism and Socialism: How They Differ
Antonio Gramsci
Karl Marx

Regardless, I regularly try to read up on socialism. I'm an anti-revolution, non-violent, Democratic Socialist myself, so I enjoy reading up on left-wing politics.

Though I am a Democratic Socialist, I am not sure if that qualifies me as an Anarcho-Communist or what. Is there an Anarchist, Democratic Socialism, lol?

Anyway, I use wikipedia.org all the time. I am having a bit of trouble with the economic arguments and how they will work pratically. It doesn't really specific how they will deal with human characteristics of greed and such. I know socialism and communism view human traits as more of an evolutionary and culturally influence thing - which I agree with, however, I have a hard time seeing the people I know working well in a socialist society, heh.

Also, do you know anything about Einstein's socialist views? I know about "Why Socialism", but I heard that many of his writings on the subject have been destroyed by the government - not sure if this is true?

Is there any more information?
 
Use wiki

I'm surprised no one has pointed you to it yet.

And why are you giving a seminar on Socialism in an English class?
 
robin hahnel has written about globalisation from a socialist perspective.
there's another book called 'participatory economics' by michael Albert which covers anarchist economics.
 
Pengwuino said:
Use wiki

I'm surprised no one has pointed you to it yet.

And why are you giving a seminar on Socialism in an English class?

Smurf posted five links to wikipedia and Dooga replied that he uses the site frequently. Come on, Pengwuino!
 
Dooga Blackrazor said:
Though I am a Democratic Socialist, I am not sure if that qualifies me as an Anarcho-Communist or what. Is there an Anarchist, Democratic Socialism, lol?
Democratic socialism, yes. Social democracy, no.
Is there any more information?
Well, what exactly are you hoping to touch on? I thought you were focusing on economics but now it looks like you're new topics are mostly political.
 
  • #10
loseyourname said:
Smurf posted five links to wikipedia and Dooga replied that he uses the site frequently. Come on, Pengwuino!

You didn't seem to get the joke did you :P
 
  • #11
Pengwuino said:
You didn't seem to get the joke did you :P

Are you making a commentary on the unreliability of wikipedia? That site definitely requires independent verification. It isn't bad for at least pointing one to other sources.
 
  • #12
loseyourname said:
Are you making a commentary on the unreliability of wikipedia? That site definitely requires independent verification. It isn't bad for at least pointing one to other sources.

No, smurf goes "Why doesn't anyone ever listen to me" and i post up the same article as if he never posted in the first place :-p
 
  • #13
Dooga Blackrazor said:
Can anyone inform me about how socialism works economically - or if it does/has at all? I want to do a 30 minute seminar on Socialism for English; however, I'm not sure how to present the theory postively from an economic standpoint.

Socialism, however, has more variations. Is there an Adam Smith, so to speak, of Socialist Economics.
Hi Dooga Blackrazor - I haven't read the whole thread yet, so maybe someone has already pointed you to the following resource: www.marxists.org[/url]. This website has many original works (of a huge list of intellectuals, not only Marxists). On this website, you can also find a 'primer' that'll introduce the key concepts of socialism and communism - its specific URL is [url]http://www.marxists.org/subject/students/index.htm[/url]. And here's the direct URL to Einstein's page of writings (including his views on socialism): [url]http://www.marxists.org/reference/archive/einstein/index.htm[/URL]. Have fun:-)

alex
 
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  • #14
Smurf said:
If your looking for books your first choice should (obviously) be Das Kapital and the Communist Manifesto.
Good suggestions, Smurf, though I'd recommend the Manifesto first (Das Kapital is pretty hard-going - well worth studying, but not something you can do in a hurry). I would also recommend 'A Contribution to the Critique of Political Economy' by Marx (especially the Preface to this book).

alex
 
  • #15
alexandra said:
Good suggestions, Smurf, though I'd recommend the Manifesto first (Das Kapital is pretty hard-going - well worth studying, but not something you can do in a hurry). I would also recommend 'A Contribution to the Critique of Political Economy' by Marx (especially the Preface to this book).

alex
heh, he doesn't need to do it in a hurry, he has two months. :biggrin:
 
  • #16
Unfortunately, I've switched my topic because it was too broad and the class probably wouldn't find it as interesting as I do - :(. Thanks for the help though. I will certainlly continue to check out the links and hopefully I will get a chance to read your recommendations. Busy, Busy, Busy.

Incase your wondering, my new topic is Scientific Racism - I will deal with Standardized Tests and Eugenics. I am looking at "The Bell Curve" and "The Mismeasure of a Man" for possible reading material. There is another book as well - Wealth of the Nations or something like that.
 
  • #17
... Socialism was too boring, so you chose Eugenics?
 
  • #18
I had a list of possible topics and showed them to my teacher. She was leaning towards Eugenics, and, since she is marking it, I choose that. Then a mentioned Scientific Racism and she suggested combining Eugenics and Standardized Tests into it (I had that as another topic). So, yeah, I guess Eugenics is more exciting to grade 12's. She also mentioned that I am trying to argue something, and she explained that it would be more difficult to convince the class that socialism is correct. Very few people will have a problem with me speaking against racism and promoting equality, and, if they do, they probably won't say anything.

I would still like to do socialism, but it doesn't seem to work for this instance. For my final essay in the class, however, I am going to do a Marxist Deconstruction of Animal Farm, Hamlet, and Fahrenheit 451. So I will at least get some Marxist criticism going, lol.
 

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