Socialism vs Communism! - Page 3

^^

You both are almost absolutely opposite to me. I grew up very capitalistic but changed my mind after seeing negative effects of capitalism.

@ night13 - you are right India is a "socialist" country.

India is a sovereign socialist secular democratic republic. (http://indiacode.nic.in/coiweb/coifiles/preamble.htm)

There was a time when India had too many trade barriers and economic regulations that prevented capitalistic growth. However, now India actually has a very free trade economy conducive to good corporate growth. Over the past decade economic growth in India has been accelerated and people can enjoy many benefits of capital growth.

At the same time the public sector is also strong. Government is involved in many vital infrastructure activities like transport, energy, communications, education etc so that even rural and lower class India get economic opportunities to grow.

On paper, the structure of India is a good ideal balance. Our problem is corruption and greed. The government is steeped in bureaucracy, inefficiency and corruption - so people don't see the benefits of the public sector. Consequently the private sector engages in tax evasion, money laundering and illegal activities because they feel entitled as fair play would mean the public sector wasting money.

EU and Nordic models have worked so far much better because they have somehow overcome the cycle of corruption and greed.

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lol, it's more like - You have a million cows 😆

Seems that whichever model is used they fail terribly where corruption is rampant. A strong Govt us needed to clean up things and keep law n order, price is sacrifice of personal freedom.
Singapore is a Parliamentary Republic with a very strong One Party control. She grossly overpays the Ministers under the excuse that it is not easy to draw good people to join. What is forgotten is that this also dissuades the bad ones from leaving. But it checks corruption.
So far model is working n country safe. But it is hard for the poor to survive due to rising costs especially property prices n basics.
They should give free medical and education to the citizens. So called subsidized rates are still expensive for some. Hope this can be improved further.

But Singapore is most safe and efficient. It is a no nonsense place and basically commercially orientated. Has been labelled a Policeman country.
System works well but with change of times some of the methods too have to change. Still overall it is a good model but still there are several areas that need improvement.

Recently there has been some opposition parties gaining some parliamentary seats and the trend will continue.

Being an idealist, am I expecting too much good from people...I still believe in human kind to do the right thing. :)

There is nothing wrong with wanting a democratic society, where eco/political decisions reflect the common good. Why shouldn't we complete what the worlds largest democracy began,basically all democracies utilizes socialism, where money is redistributed via taxes to pay for medical, security, police, defense, federal, state, locals, and any other government entity!All stuff the private sector can not do with out the government intervention. For which if there is no redistribution then you have no government whatsoever!

I totally agree with capitalism will be around forever, but hope for socialism will always live.

Edited by night13 - 12 years ago

Is Singapore ready to leave PAP behind and move onto a new era?

YA democratic society does circulate the money in public sector through taxes. But basic model allows private profitable sector to grow like in free market, thats work for economic growth.  Like in India before 1991 all major infrastructure sector like power, education, Telecom, aviation, transportation are under government control no privatization in these sector.  The outcome of that  was monopoly of government in those sector, low quality product with no competition, Prices manipulation, which was not only very anti consumerism  but anti-economic-growth too. With the step of drastic liberalization of economy from then till now in profitable business sector, monpoly is reduced, competition is increased, prices are checked, employment is increased, with all those pros inflation and corruption increased too. 
I am talking more about India as I closely studied only its economy Socialism is there in India, but  capitalism has taken over profitable business sector whereas socialism is more restricted to few government sectors.

You tend to hold a capitalist mind and a socialist heart.:)

Though India may ventured in to the capitalist market, the monopoly between the private-sector  will increase thus will lead to inflation. One of the major factor which currently drive India to a capitalist market is the out-sourced market, even though there is globalization the socialist politicians still hold back on the IT sector. As long as the Indian politicians are in power not to serve their people but to make money: Indian will remain uncertain in market stability.

Overall PAP is still the best but they should not have absolute power.
It opens up avenues for complacency apart from abuse too.
But generally they are efficient and effective even though some of their policies can be improved upon.
In the early days it was fine as communism was rampant and disruptive, there was little order and racial fights too.

 

Despite the fact that Singapore is know as a 2nd largest capitalist country it's still governed by communist leaders. Thus the people are forced to pay more taxes and vote for only one dominant political party. It's still confusing as the motives that drive the PAP are far from marxist, and are not for the betterment of the people.