Capitalism obviously failed. It’s what Fox News lies to their viewers to pull the wool over their eyes while they get fucked. This applies too all MSM. You have millionaires preaching the message of their billionaire bosses. Class solidarity.
capitalism only benefits ones at the top, not the bottom. Top 1% made off with billions while 30 million on unemployment.
you can’t have the system American has as their needs to be more checks and balances but it’s damn near impossible now.
Most successful countries have socialized medicine and social safety nets. It’s how they beat COVID
@ bolded do u see that happening though?Thats just wrong. Capitalism has lifted billions out of poverty.
America's problem now is that we're a mix of a capitalist nation and an pseudo oligarchy where a few companies own a disproportionate amount of wealth. The faster america gets to true but regulated capitalism the better of we'll be.
@ bolded do u see that happening though?
Why hasn't it happened up until now?
It's your third paragraph where I feel like u can't escape that type of abuse/corruption in capitalism. It's inevitable. Same way socialism has it's inescapable flaws. In either system one group of elites control all.It has to a certain extent. The problem is that most people point to the wrong bad actors to say that the system is broken.
Take amazon for example. Alot of pseudo socialists take a look at jeff bezos' wealth and mistakenly say that he's the problem when in fact there are much worse players than amazon out there. Amazon actually turns a small profit because they reinvest in their company...creating jobs, cheaper products for consumers, and infrastructure for many other companies to benefit. Sure, they do shady shit like skirt taxes but for the most part they are how capatalism is supposed to work at a grand scale. You could say the same thing about nike, walmart, microsoft, ford, apple, chevron and many other giant corporations.
The bad actors that people should really be mad at are the hedge funds and conglomerate banks who have an oversized impact on corporations and the government. They make a fortune on speculation and stock manipulation while adding very little to society as a whole. Plus they essentially collude to not compete against themselves. The health insurance and pharmaceutical industry does something similar.
The bad actors that people should really be mad at are the hedge funds and conglomerate banks who have an oversized impact on corporations and the government. They make a fortune on speculation and stock manipulation while adding very little to society as a whole. Plus they essentially collude to not compete against themselves. The health insurance and pharmaceutical industry does something similar.
Do y'all think "democratic socialism" is a better version of the socialism post WWII or is it same repackaged, rebranded shit for the people scared of the old communist socialism
Fam you could just study Norways system to see if Democratic Socialism is rebranded communism or not.
Democratic Socialism isnt a theory, its actually a system that is in practice in some very successful countries.
Major difference in classic Communism and classic Socialism is that in Communism there is no such thing as money. You work based on your abilities and you are given resources based on your needs. In classic Socialism, there is actually money. In socialism, you work according to your ability and are given money. That means you can spend or save, and buy what you want. In either system, you don't have private businesses or private ownership of property.
Democratic Socialism is different. It allows for money, private business, and private property. Those 3 things make it capatilist. Once you allow private businesses and the ownership of property, you cant be communist or socialist. What Democratic Socialism does though is it distributes wealth alot more than our system of capatilism. In a DS system, the richer you are, the more taxes you pay. That way everyone is given the fundamental rights to health care and a fair education, a living wage etc.
In DS, basically, the needs of the whole is supercedes the needs of the few. This doesnt mean there arent rich people in these countries. There are filthy rich people in these countries. Its just almost impossible to become Bezos rich in those countries. Theres a reason the top 100 richest people list is dominated by Americans.
But again, back to my original point, DS is being actually practiced in a ton of developed countries. You can just pick one and read about their system and get the answers to your question.
Denmark, Norway, Sweden, Canada, Germany, France to name a few. There are a ton more too. Start with Norway imo. Then go to Sweden. All these countries have a free market but they redistribute the fuck out of wealth.
American capitalism is def a facade and designed to not redistribute wealth
its assinine that the richest people in this country pay the least taxes. The reasoning behind it is even more assinine...
there has been such a stigma placed on communism and socialism that even tho DS is prob whats best for America you got people vehemetly opposed...and they are mostly working class folks who it will benefit the most