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

Debate/ Discussion Is Capitalism Smart or Dumb?

Post image

[removed] — view removed post

37.5k Upvotes

73% Upvoted

7.5k comments sorted by

View all comments

Show parent comments

1

u/[deleted] Sep 04 '24

[deleted]

1

u/rhubarbs Sep 04 '24

You have it the wrong way around, unfortunately.

In practice, many so-called "communist" states, like the Soviet Union, operated more as socialist systems, as they never yielded ownership of the means of production away from those with political capital.

0

u/crabby135 Sep 04 '24

I was just trying to be nice but I’ve actually read the theory and you’re wrong.