brandon.apasta (PRO)
The image above is an illustration for the quote in my statement and this is for pure evidence reasons only.
A link to the Google Docs used to make this document will be announced shortly in the comments section.
Initially, the outline and formatting of the affirmation side of this debate should be understood beforehand. The affirmation side will follow the following basic outline for all 4 rounds of the debate, during the debate, there will alse be cross-examination periods, dispute, clarification, and supporting periods during each round, but the basic outline is as follows:
1. Opening Statement/Acceptance
2. Affirmation Constructive Speech
3. Rebuttal Speech
4. Closing Statement
Therefore, the affirmation will start this debate with an opening statement and acceptance of the debate.
The affirmation position clearly defends the resolution “That central banks should be abolished”. Ron Paul once stated, “A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.” This ultimately shows that a central bank is seen as a problem in this capitalist country, and these central banks are violating the truth of this country. Centrals banks simply manipulate one's money by applying specific problems that cannot be fixed by the individuals. Credit created by these central banks also violate the capitalism in this country again, contracting the money of the individuals. There have and still are many specific problems in the central banking system in the United State, therefore, the affirmation will provide 4 contentions to support the claim. Firstly, all must understand the history of the central banking system. Secondly, all must understand the effect central banking has on Federal Reserve in the US economy. Thirdly, all must understand the internation aspect and negative results in all economies on central banking. Fourthly and finally, all must understand the additional problems that central banking creates on the economy of the people. Therefore, whoever in this debate does a better job of helping the economic status of the US shall win this debate.
The affirmation side truly and dearly accepts this debate and it’s arguments, opponent, and outcome. This side will fight hard and truly, but respect the opponents on the negation side as well.
Return To Top | Posted:
2016-10-27 15:46:16
| Speak RoundThe Logician (CON)
At the very outset of this debate, let me clarify that while the world today has cognizably adopted the ideologies of capitalism and privatisation in economies, it is automatically subject to the evils of Capitalistic Society primarily involving exploitation of the masses by the capitalist class. The reasons why the situation has not become an issue in most cases is because there exists an entity which monitors the flow of money and the way an economy functions; ensuring that stability is maintained and exploitation is prevented. That entity is the Central Bank.
To justify my stance with regard to why Central Banks are essential, I shall present my arguments by analysing the various aspects to the motion separately and provide my reasoning in each case.
To begin with, let us consider the Economic aspect;
Firstly, with progress in mankind and greater social connectivity accompanied by modernisation of technology and expansion of the secondary, tertiary and Quaternary sectors of the global economy, economic patterns in general keep becoming more structured and sophisticated with time.
The 'bloodline' of the economy is the medium of exchange and measure of value which facilitates transactions; money. Hence, in order to ensure that there is smooth and efficient functioning of the economy, Central Banks are required as they regulate and monitor the supply and usage of money in the economy. Unless this is done, the economy shall go haywire as each unit will be working according to its personal goals and ambitions and so will the households; there shall be clashes and tie-ups along with financial instability as money may be used recklessly and/or passively which hampers the market forces and endangers the productivity of the economy.
For example, the Central Bank issues the legal tender (currency in the economy), regulates the economy's balance of payments (BoP), maintains an account for all the commercial banks with itself, regulates the functioning of the banking sector by increasing or decreasing the loan-able fund, etc. to control price changes, production and output among others to make the economy move in the direction of development.
Secondly, today's world finds the rising influence of privatisation and capitalism as socialism and state-control over the economy do not pertain to modern society. Even in the banking sector, private firms dominate. But in lieu of the situation at hand, it must be ensured that the evil aspects of capitalism; rule of the capitalists and exploitation of the masses, do not harm the society.
Since private banks are profit-seeking organisations, they will be concerned primarily with increasing their own assets and serving their selfish interests rather than working for the benefit of the common man when it comes to providing loans, maintaining bank accounts, providing consultancy services, etc. Hence, at the end of the day, the masses shall have to suffer the consequences of a non-regulated system.
However, the presence of a central bank will benefit the people as the Bank maintains rules and regulations and has quantitative & qualitative credit control which commercial banks must comply with and hence, prevents exploitation of the final clients.
For example, a number of commercial banks shall provide their own loan and savings strategies; charging excessively high interest rates for loans and doing the reverse for interest provided by them for bank accounts. Apart from this, they might favour providing financial support to a few rich businesses indulging in luxury products and other commodities consumed primarily by the elite classes and shall not favour production of goods consumed by the masses. This hampers the productivity in the economy and causes income instability. A central bank provides guidelines and ceilings for loans and interest rates; calls upon private banks to favour productive activity, and so forth. This is how the Central Bank...
Return To Top | Posted:
2016-10-28 21:23:30
| Speak Round