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Is Socialism Preferable to Capitalism

Is Socialism Preferable to Capitalism. Video: Capitalism vs Socialism, a SOHO Forum Debate
https://www.youtube.com/watch?v=YJQSuUZdcV4

The U.S. Economy 2020: Capitalist vs. Socialist
https://www.youtube.com/watch?v=BTw3ChsskcA

Watch the videos above and respond to each of the following:
How does Mr. Wolff justify Socialism as advancement, especially in light of the challenged history of the Soviet Union? How does he address the mass murders in some historic socialist countries and the long-term lack of growth?

Is Socialism Preferable to Capitalism


According to Mr. Epstein, how could workers become self-directing enterprises in a Capitalist system? Would he support any kind of socialism? Why does he believe a democratically elected government is inferior to guide production compared to individual entrepreneurs?
What position does Mr. Epstein and Mr. Wolff take on income inequality? Economic growth? Stability?
What issues does Mr. Schiff see ahead for the U.S. economy? What does he believe is the cause of these issues? What is the solution?
What issues does Mr. Wolff see ahead for the U.S. economy? What does he believe is the cause of these issues? What is the solution?
Who do you believe made their argument most effectively, Mr. Schiff? Mr. Wolff? Mr. Epstein? Why?
Why do you think Mr. Schiff and Mr. Wolff got into such a heated argument?
After watching both videos and answering the questions above, post your opinion on the larger question “Is Socialism Preferable to Capitalism”? Why do you believe this? Did the videos change your views or enlighten you in any way? Do you believe a mixed opinion is possible? What do you believe would be the consequences of moving toward a purely Capitalist or Socialist system in the U.S.? What would be the positives? Do you think presidential election voters in the U.S. are being asked to vote for one system or the other?

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