Is capitalism outdated in the 21st century?

[fly2012]

We tried that..but failed.

There's a no such thing as a universally ideal system. Ideology war is meaningless. A good system must be a mix of capitalism and socialism. How to mix the ingredient is the trick for individual countries. This is like cooking, If you tried the mix and it failed, maybe next time try less sugar, for instance.

Most of the times, good governing is more important than **ism.

 

[NeutralCitizen]

No it's not.

 

[Chinese-Dragon]

There's a no such thing as a universally ideal system. Ideology war is meaningless. A good system must be a mix of capitalism and socialism. How to mix the ingredient is the trick for individual countries. This is like cooking, If you tried the mix and it failed, maybe next time try less sugar, for instance.

Most of the times, good governing is more important than **ism.

Exactly, the best solution is a "mixed economy". Neither full capitalism, nor full socialism, but a mix of both.

So to answer the thread title... No, capitalism is not outdated in the 21st century.

It just depends on how well it is implemented.

 

[Edevelop]

We tried that..but failed.

England, Canada, Countries in Oceania and Scandanavian countries are best examples.

 

[lynx]

There's a no such thing as a universally ideal system. Ideology war is meaningless. A good system must be a mix of capitalism and socialism. How to mix the ingredient is the trick for individual countries. This is like cooking, If you tried the mix and it failed, maybe next time try less sugar, for instance.

Most of the times, good governing is more important than **ism.

This is the exact excuse that Communists give for the failure of their system. Almost all the communists I met (and there is a quite a lot in my state) blamed the leaders, or the lack of will power of the nation, or the hidden hand of capitalists, or the way Communism was implemented for their failure throughout the world.

---------- Post added at 10:17 AM ---------- Previous post was at 10:14 AM ----------

England, Canada, Countries in Oceania and Scandanavian countries are best examples.

Small, almost mono-ethnic, disciplined, highly literate population coupled with high tax rate... examples not suited to India.

 

[Edevelop]

This is the exact excuse that Communists give for the failure of their system. Almost all the communists I met (and there is a quite a lot in my state) blamed the leaders, or the lack of will power of the nation, or the hidden hand of capitalists, or the way Communism was implemented for their failure throughout the world.

---------- Post added at 10:17 AM ---------- Previous post was at 10:14 AM ----------



Small, almost mono-ethnic, disciplined, highly literate population coupled with high tax rate... examples not suited to India.

Who cares about India, why you keep rubbing that in. Your country is ahead of us now (in a wrong direction). This is PDF man. Countries who are developing from scratch need to understand the differences...
From my understanding, neither one is great. A mixed system is ideal. Those countries i've listed are the best examples for a country to follow. Taxes are important. They can be used in many ways to run a country.

 

[lynx]

Who cares about India, why you keep rubbing that in. Your country is ahead of us now (in a wrong direction). This is PDF man. Countries who are developing from scratch need to understand the differences...
From my understanding, neither one is great. A mixed system is ideal. Those countries i've listed are the best examples for a country to follow. Taxes are important. They can be used in many ways to run a country.

Actually a lot of people does and from your reply I thought you were suggesting that examples to me. So next time to avoid confusion give your reply from the quick reply box rather than through reply with quote.