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Debates / Upcoming Debates
Capitalism Is a Blessing
Tuesday, November 12, 2019 -
19:00 to 20:30
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Streaming Live in 00d : 00h : 00m : 00s
Tuesday, November 12, 2019
07:00 PM − 08:30 PM EST
The Kaye Playhouse at Hunter College
115 East 68th Street
New York, NY
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Upcoming Debate November 12, 2019
Capitalism Is a Blessing
Capitalism Is a Blessing

Recent polls show that two out of three Americans support capitalism. But with the wealth gap widening and democratic socialist politicians gaining support, 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. Are they right? Or is capitalism a blessing for all? 

About The Debaters
For The Motion
An image of John Mackey
John Mackey − Co-Founder & CEO, Whole Foods Market
John Mackey, co-founder and CEO of Whole Foods Market, has led the natural and organic grocer to a $13 billion... read bio
An image of Katherine Mangu-Ward
Katherine Mangu-Ward − Editor-in-Chief, Reason
Katherine Mangu-Ward is editor-in-chief of Reason, the libertarian magazine of "free minds and free markets," and... read bio
Against The Motion
An image of Bhaskar Sunkara
Bhaskar Sunkara − Founding Editor, Jacobin
Bhaskar Sunkara is the founding editor of Jacobin magazine and publisher of Catalyst journal, both of which offer... read bio
An image of Richard D. Wolff
Richard D. Wolff − Professor Emeritus of Economics, University of Massachusetts Amherst
Richard D. Wolff is a Marxian economist and professor emeritus of economics at the University of Massachusetts... read bio
Main Points
For The Motion
Against The Motion