April 25, 2011 11:09:36 PM
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Transcends nationalism and encourages interdependency between some countries.

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Profits are first priority, ignoring that it is often more beneficial in the long run to do what is best for the larger community. I do not think capitalism needs to operate in this manner.

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In its ideal form, one person has a need, while another person can provide a commodity or service that satisfies the other's need, which he/she then sells for a fair and agreed upon price, and everyone benefits equally.

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The emphasis on personal achievement has created a false sense of accomplishment. Even the rags-to-riches self-made millionaire's contributions to his achievements are the proverbial tip-of-the iceberg. He/she is the beneficiary of history of human thought. Nobody has to invent a language or alphabet. nobody has to start with inventing the wheel, or learning that fire can be controlled. No aviation corporation has to figure out the laws of aerodynamics from scratch. The hard parts have mostly been done, yet those who are benefiting most from tens of millennia of human thought, labor, and creation puff their chests out when tax time rolls around and shout and cry about the injustice of being asked to invest their hard earned money that they have a God-given right to keep back into the community that made it possible for the accumulation of wealth by the few. This particular practice of capitalism in which personal profits are the only motivation ends up hurting even successful capitalists' long-term self interest (e.g. dwindling of skilled labor pool as education is traded for tax breaks and relentlessly promoted hyperconsumerism leading to global climate change and a shortage of natural resources, which your grandchildren might be more concerned about than the national debt).

Our first principles debates bring people from different ends of the spectrum together to discuss basic political convictions. That doesn't mean there isn't common ground. Below, as we discuss capitalism, we ask you to submit two pros and two cons -- no matter where you stand. Answering all four questions is required!