Socialism vs Capitalism | Full Debate | Yaron Brooks, Leo Panitch, Kemi Badenoch

From Stalin's gulags to weak growth in planned economies and the fall of the Berlin Wall, socialism has a chequered history. Is it a mistake to imagine that equality can be engineered by socialist planning? Should we be sceptical of those wrapped in fine ideals or is there a form of socialism that can deliver on the dream?

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Leo Panitch | Yaron Brook | Kemi Badenoch | Mary Ann Sieghart

Leo's argument:
• Socialism would have been misrepresented by the Murdochs of this world even if it hadn’t been dystopian.
• The failure of socialist parties in Europe is largely their failure to go beyond capitalism gradually.

Yaron's argument:
• Socialism cannot deliver equality, nothing can; equality is a myth and a dangerous aim.
• Socialism violates individual rights and it is anti-life.

Kemi's argument:
• There is one exception - in a small, culturally homogenous groups. But socialism cannot function in large societies. Too much has to be imposed.
• Big attack on freedoms, stifles innovation, lends itself to courruption and inefficiency.

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