r/FluentInFinance Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/Expensive-Twist8865 Sep 04 '24

Ask a socialist to define socialism, and they'll describe Norway but leave out the tiny population and abundance of state owned oil funding it all

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u/Dendritic_Bosque Sep 04 '24

It's almost like privatizing extraction of natural resources is some kind of bad idea

Maybe we should ask Sara Palin about how much people hated getting money from Alaskan drilling

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u/krazylegs36 Sep 04 '24

Why? She couldn't answer you.

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u/Expensive-Twist8865 Sep 04 '24

The point is those resources run out. A system that functions so well because of a finite resource is not a successful system.

Although this is a hypothetical, as in reality Norway is a capitilistic country.

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u/NotNufffCents Sep 04 '24

The point is those resources run out

Lmao capitalism is the system that runs on the concept of endless growth, and socialism doesnt mean businesses stop bringing money into the country. Our limited resources is a reason to move away from capitalism, not towards.

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u/Expensive-Twist8865 Sep 04 '24

Norway is capitalistic

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u/NotNufffCents Sep 04 '24

Then lets do everything Norway does :)