3y, Posted for: Whole Community


Posted by: Joseph Halter

{"ops":[{"attributes":{"link":"https://community.criticalthinking.org/blogPost.php?param=53"},"insert":"UNBRIDLED GLOBAL CAPITALISM IS A POWERFUL SOCIOCENTRIC FORCE IN HUMAN LIFE"},{"insert":"\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.\n\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":"\n\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? \n\nCapitalism and Socialism are simple concepts. Taken to its purest sense, neither one is useful. Capitalism simply means economic freedom to use our capital (resources) 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 simple 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. \n\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. \n\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.\n\n"},{"attributes":{"underline":true},"insert":"Question: 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?"},{"insert":"\n"}]}


Be the first to comment!

Top ▲