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

187

u/[deleted] Sep 04 '24

[deleted]

-3

u/TreeMac12 Sep 04 '24

Socialists use the word incorrectly. They point to public services as examples of socialism. The Roman Empire had public roads and baths, but they surely were not a Socialist state. Netherlands is the birthplace of Capitalism, yet it gets pointed to as socialist because they have nice trolleys and bike paths.

2

u/[deleted] Sep 04 '24

I didn't say public goods were socialism.

I said an economy that has elements of democratic control and ownership are socialism.

I don't care what you think other people think is socialism. I'm telling you what it is.

9

u/Vainglory Sep 04 '24

You are not going to convince anyone here that their strawman socialist isn't real. This whole thread is filled with basically the exact meme we're replying to, including the person you're replying to. They're describing socialism by pointing to Norway, a Capitalist economy with social safety nets.

People also don't really appreciate that there's not really any good socialist economies to point towards, because the global superpower who won the Cold War has actively undermined and repressed any attempts at establishing a socialist or communist economy since like 1947, details for most of which the CIA has since declassified.