Beyond the Borderline

27. Capitalism vs Socialism


Listen Later

Cam, Phil, Connor, and Ryan discuss the merits and downsides of both capitalism and socialism as economic systems. We discuss how capitalism is more conducive to wealth creation and entrepreneurship, and attempt to debunk the Marxist idea that capitalism amounts to nothing more than exploiting people for their labour. Rather, it is the only system which allows - through the free market - workers to demand competitive wages. We also suggest that the profit motive inherent to capitalism incentivizes both innovation of technology and stewardship of resources. Tune in to hear more!

Follow us on...

Instagram: https://www.instagram.com/beyond_theborderline/

Facebook: https://www.facebook.com/bey0ndtheb0rderline

Twitter: https://twitter.com/btb0rderline

...more
View all episodesView all episodes
Download on the App Store

Beyond the BorderlineBy Beyond the Borderline