Policy@McCombs Which Is Better: Capitalism or Socialism?
Oct 23, 2023
Prof. Bryan Caplan and Prof. Scott Sehon debate the merits of capitalism and socialism. They discuss income inequality, collective control, individual rights, societal responsibility, exploitation, mass production, immigration, academia, taxation, and the role of government.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10
Introduction
00:00 • 3min
Capitalism vs Socialism: Exploring the Debate
02:40 • 20min
Inequality, Collective Control, and the Case for Socialism
23:09 • 14min
The Role of Individual Rights and Collective Ownership in Economic Systems
37:38 • 26min
The Concept of Societal Responsibility and Different Perspectives on Immigration
01:03:42 • 2min
Exploring Exploitation in Capitalism and Socialism
01:05:49 • 7min
Mass Production, Immigration, and the Effects of Progress
01:13:03 • 7min
Exploring the Difference Between Academia and Other Occupations
01:20:14 • 2min
Exploring the Balance and Optimal Rate of Taxation
01:22:03 • 4min
The Good and Bad of Capitalism and Socialism
01:25:51 • 5min