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ATTENTION: Capitalism is the new middle, everyone...

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Hexley is not online. Hexley
Joined: 07 Sep 2013
Total Posts: 642
07 Apr 2014 09:50 PM
Definitions taken from Merriam-Webster.

The Left - Communism: "a way of organizing a society in which the government owns the things that are used to make and transport products (such as land, oil, factories, ships, etc.) and there is no privately owned property"

The Middle - Capitalism (includes state, welfare and laissez-faire): "a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government"

The Right - Neoliberalism (taken from Wikipedia): Neoliberalism was an economic philosophy that emerged among European liberal scholars in the 1930s attempting to trace a so-called ‘Third’ or ‘Middle Way’ between the conflicting philosophies of classical liberalism and collectivist central planning.[4] The impetus for this development arose from a desire to avoid repeating the economic failures of the early 1930s which conventional wisdom of the time tended to blame on unfettered capitalism. In the decades that followed, neoliberal theory tended to be at variance with the more laissez-faire doctrine of classical liberalism and promoted instead a market economy under the guidance and rules of a strong state, a model which came to be known as the social market economy.

NOTE: I think of Socialism as a stepping-stone to communism -- where the state gives equal footing to all businesses. It is not moderate.

You may criticize as you deem. :)
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Hexley is not online. Hexley
Joined: 07 Sep 2013
Total Posts: 642
08 Apr 2014 07:39 PM
Blargh?
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evilkiller108 is not online. evilkiller108
Joined: 09 Oct 2011
Total Posts: 4776
08 Apr 2014 08:45 PM
Capitalism and Communism are economic...
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Hexley is not online. Hexley
Joined: 07 Sep 2013
Total Posts: 642
08 Apr 2014 09:50 PM
There's also the economic spectrum (includes left AND right). :)
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Redsoxs4 is not online. Redsoxs4
Joined: 15 Jun 2011
Total Posts: 17324
08 Apr 2014 09:52 PM
Capitalism is the best.
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Midmyst is not online. Midmyst
Joined: 19 Nov 2009
Total Posts: 4803
09 Apr 2014 07:04 AM
First of, isn't neoliberalism just a type of capitalism? Second, in your definition for neoliberalism it says: "Neoliberalism was an economic philosophy that emerged among European liberal scholars in the 1930s attempting to trace a so-called ‘Third’ or ‘Middle Way’ between the conflicting philosophies of classical liberalism and collectivist central planning.[4]"

The phrases "third way" and "middle way" used makes it seem like neoliberalism is the middle; not capitalism. (especially if you're referring to laissez-faire capitalism and not crony capitalism/ social democracy/ etc.)
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Hexley is not online. Hexley
Joined: 07 Sep 2013
Total Posts: 642
09 Apr 2014 07:29 PM
Oh no, I'm pretty sure that the scholars failed -- what they've made was a very extreme form of capitalism. Rather than having at least *some* government intervention, neoliberalism keeps the government completely out of economic affairs.
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midmystsalt2 is not online. midmystsalt2
Joined: 06 Apr 2014
Total Posts: 154
09 Apr 2014 08:05 PM
So in that case, you could reword your original post like so:

Left: Communism

Middle: Mixed economy

Right: Laissez-faire capitalism

Which, to me at least, isn't as exciting or groundbreaking.

Then again, mixed economies are usually overwhelmingly capitalist rather than socialist, so I see your point. Really, if we're comparing these to communism, we could just combine laissez-faire capitalism and mixed economies into one group; capitalism. Capitalism on the right, communism on the left.
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