Blog Post: UNBRIDLED GLOBAL CAPITALISM IS A POWERFUL SOCIOCENTRIC FORCE IN HUMAN LIFE

Sep 07, 2020 • 3y ago
Comments
Posted by: Joseph Halter
{"ops":[{"insert":"UNBRIDLED GLOBAL CAPITALISM IS A POWERFUL SOCIOCENTRIC FORCE IN HUMAN LIFE\n\nThe heading of this blog is accurate but misleading. Unbridled \"anything\" can lead to extreme responses and the word sets the tone for the blog, unfairly.\nGlobalization has lead to sociocentric forces for good and bad. The blog appears to support some of the harmful affects of globalization. For a more complete understanding of globalization, please refer to the article on "},{"attributes":{"link":"https://www.piie.com/microsites/globalization/what-is-globalization"},"insert":"What is Globalization?"},{"insert":"\nInteresting, 2020 has seen a significant change in reversing globalization to nationalism. Both US candidates are cautiously frowning globalization. From a political point of view, it serves their purposes, but from an economic point of view, is this a good trend?\nCapitalism and Socialism are simply concepts. Taken to its purest sense, neither one is useful. Capitalism's simply means economic freedom to use our capital as we see fit. Socialism simply means economic fairness and each of us are in the production and consumption of goods/services together. These are simply definitions and can be taken to \"unbridled\" points of views. There are many variations between the two. If you ask many people what type of economy people have for their country, it would surprise them to find out it is mostly mixed between the two economic systems. Please review the "},{"attributes":{"link":"https://www.heritage.org/index/"},"insert":"Economic Freedom site "},{"insert":"on were your country is on the continuum.\nBoth economic systems have benefits and flaws. The point made in the blog about unequal distribution of wealth and income for capitalism is true. Is this a problem? Many arguments can be made for both sides.\nRather than go on with these comments, my conclusion is this. Economic systems are creations of the human mind. Both capitalism and socialism have been practiced for centuries. A mix of both systems is usually the answer for most countries depending on the resources, political systems and customs of the culture. Both concepts are needed in the allocation of limited resources for the unlimited needs and wants of people and their societies. It really comes down to this "},{"attributes":{"bold":true},"insert":"simple truth"},{"insert":": "},{"attributes":{"italic":true},"insert":"The leadership of society and the citizens need to be fair-minded critical thinkers to effectively use the concepts of socialism and capitalism"},{"insert":". That is the huge challenge for all of us on this Community for Critical Thinking.\nQuestion: How do we as a community help ourselves to understand the Paul-Elder model for critical thinking to help us and others to implement the concepts for free and fair economic systems?\n\n\n\n\n\n\n\n\n\n\n"}]}
Posted by:
{"ops":[{"insert":"Hi Guys,\n\nGreat read Linda and enjoyed your breakdown on the concerns being brought about through Global Capitalism.\n\nOpen Question: Is a mix of Socialism and Capitalism something you believe can co-exist? I ask this due to the unfair distribution of these economical systems in different areas of our society currently; socialism for the few (corporate/financials) and capitalism for the many? It could be possible to claim they work efficiently if enforced to everyone, if so do we require more regulation or is this a weakness of the balance between these ideologies?\n\n\nI would be interested to hear any opinions on some of the work of Yanis Varoufakis an Economists/Politician, in specific his recent \"Another now\" book? Attempts are made in his work to distinguish theory and practicality in the real world for another Economical system (democratic socialism). Often the critiques are in favor of a movement away from free markets and Capitalism, it seems a logical step if we are to treat some of the fundamental flaws pointed out with the dangerous concentration of power and wealth? He makes a case for one person, one share and one vote which I found very interesting. It maybe a fair chance for democracy but is it too far removed from recurrent patterns of egocentrism to be practical without large social change? I would propose we require a large scale social movement towards critical thinking for us to be capable to elect a democratic system even if we had been presented with one.\n\n\n\"Question Joseph: How do we as a community help ourselves to understand the Paul-Elder model for critical thinking to help us and others to implement the concepts for free and fair economic systems?\"\n\nThe answer for myself has always been to try to debate concepts and learn from others. Looking at history with intellectual humility. Daily battles with egocentrism and sociocentrism. I am learning to become an Accomplished thinker myself thanks to this foundation. \n\nI would agree in order to see substantial change we need leaders who embody these values but more importantly a society ready to accept them. This requires more comments, larger conversations and in particular more well informed individuals. Ideas have to be nurtured and grown from great forums like this and helpful blogs like yours. Hope my participation has been helpful. \n\nAll the best, Nathan.\n"}]}
Posted by: Preston Smith
{"ops":[{"insert":"I wish the quote was real. \n\nwww.snopes.com/fact-check/abraham-lincolns-capitalism-prophecy/\n"}]}