capitalism vs socialism debate https://www.youtube.com/watch?v=NIUeF4iyvJU   With this in mind, watch as much as you can of the following debate. Which side did you agree with more? What points did you find interesting? Which discussions frustrated you? Did the debaters not address anything or leave you with any questions? Did they represent and defend their positions well? Comment on anything you feel is relevant from the debate. Keep the discussion philosophical and do not let it devolve into criticism of current or past politicians or policies. This is an ethics course and we are focused here on the moral questions surrounding 'political philosophy'. So, let's try to keep it on that level.

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Capitalism is an economic system where businesses and industries are privately owned and operated for profit. Prices, production, and distribution of goods and services are determined by market demand and supply. In contrast, socialism advocates for collective or government ownership of industries, aiming to reduce economic inequalities through public control of resources and equal wealth distribution. Socialism often emphasizes social welfare programs and prioritizes societal needs over individual profits.