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Open to Debate

Is Capitalism A Blessing?

Open to Debate

Open to Debate

Education, News, Society & Culture

4.62.2K Ratings

🗓️ 16 December 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

With the wealth gap widening, some Americans are starting to consider socialism as a viable economic and political model. Supporters of capitalism claim that no other system has been as effective in creating value, increasing prosperity, and producing the wealth that has lifted billions of people out of poverty. The free market, they argue, encourages competition and human ingenuity, values individual choice, and organizes society in a fair and just way. Critics of capitalism, however, paint a different picture. They argue that capitalism is inherently exploitative and that business owners seek profits above all else, leading to the distortion of human worth as one distilled to an individual’s labor power. Further, they claim that a capitalist system is inherently rigged to benefit the wealthy and powerful, and the byproducts of which have created unsustainable waste and decimated the world’s wildlife and natural resources. In light of this emerging divide, we ask this question: Is capitalism a blessing? With John Mackey, Bhaskar Sunkara, Katherine Mangu-Ward, and Richard D. Wolff. John Donvan is our moderater. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I've entered the Rick and Morty multiverse so many times at all for

0:04.4

that I don't know whether I'm Rick, Morty.

0:07.3

Oh myself.

0:08.5

Am I Rick?

0:09.6

Am I Morty?

0:10.7

Am I me?

0:11.9

Am I Rick?

0:12.9

Am I Morty?

0:14.0

Am I me?

0:15.2

I don't know.

0:16.4

Watch now on all four.

0:18.0

The UK's biggest free-streaming service.

0:20.4

Watch and rewatch.

0:21.5

Watch and rewatch.

0:22.3

Watch and rewatch.

0:22.8

Go for me.

0:23.6

Compare channel 4.com slash verify.

1:23.6

To our stage at the Kay Playhouse in New York City.

1:26.4

It was a competition of ideas in three rounds on one question which we call

1:31.3

a resolution, and it's this capitalism is a blessing.

1:37.2

I live audience voted before the show on that resolution.

1:39.8

And you can still cast your pre-debate vote online right now at IQ2US.org.

...

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