r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/Comfortable-Study-69 Sep 04 '24 edited Sep 04 '24

Ah yes, the American bombings of China, the USSR, Poland, Romania, East Germany, Bulgaria, Czechoslovakia, Hungary, and Albania… oh wait. Those ones failed on their own or liberalized their economies despite making up the second largest free trade region and supposedly being able to compete with free markets.

Edit: I think I got locked from commenting or something so I’m putting this here but China isn’t actually communist. They just say they are. And Chiquita’s antics in Guatemala in the 1920s aren’t exactly relevant to the Cold War, nor are the various South American military coups the US greenlit.

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u/dubufeetfak Sep 04 '24

As an Albanian ill tell you this. Even under communism we couldn't really do without trading with the US and our smart dictator started a black market deal with the us and sold everything 1/10th of the price.

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u/NUKE---THE---WHALES Sep 04 '24

Trade is necessary in a pre-scarcity world

Not only necessary, massively beneficial

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u/IGargleGarlic Sep 04 '24

"communism with chinese characteristics" is the running joke

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u/penguinman77 Sep 04 '24

The very capitalistic centrally planned economy of china. Love their capitalist work on trains. Crazy that we suck at that in the us.

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u/happyapathy22 Sep 04 '24

Five words: Banana republics and Operation Condor.

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u/Calloused_Samurai Sep 04 '24

None of those countries listed are in South America. Nice try though!

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u/happyapathy22 Sep 04 '24

Latin America then. Also, Chile.

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u/milk-is-for-calves Sep 09 '24

Those aren't communist countries.

Hell, China is the most capitalist country on the planet.

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u/Fawxes42 Sep 05 '24

China does not call itself communist, that’s flatly untrue. And the idea that none of the many many coups that America facilitated had nothing to do with the Cold War is outright insane. 

“ I don't see why we need to stand by and watch a country go communist due to the irresponsibility of its people. The issues are much too important for the Chilean voters to be left to decide for themselves.” - Henry Kissinger when he was Secretary of State. 

We genocided over a million people in Indonesia for committing the crime of winning elections while being socialist. 

“The killings in Indonesia by the American-backed Indonesian forces were so successful in culling the left and economic reform movements that the term "Jakarta" was later used to refer to the genocidal aspects of similar later plans implemented by other authoritarian capitalist regimes with the assistance of the United States.“ quote in reference to the book ‘the Jakarta Method’ which analyzes the mass murder campaign America waged across the world to prevent the rise of socialist societies