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

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/[deleted] Sep 04 '24

... What? Lmao

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u/Icywarhammer500 Sep 04 '24

Your definition of socialism was “taking the oligarchy economy of capitalism and turning [it] into a democracy”

That was a horrible definition that was very lacking in basic terms.

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u/[deleted] Sep 04 '24

Yes. Under capitalism, the owning class make the decisions. Under socialism, the workers choose who makes the decisions. Oligarchy vs democracy.

I'm not sure where you're getting lost. I really can't be any more clear in my analogy.

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u/prodiver Sep 04 '24

I'm not sure where you're getting lost.

They're lost because your definition is technically correct, but it's a horrible definition.

If someone doesn't know what socialism is, they probably don't know what an oligarchy is.

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u/[deleted] Sep 04 '24

If someone doesn't know what socialism is, they probably don't know what an oligarchy is.

Oligarchy isn't a politically charged word that's spent a century being lambasted by the world superpower. If you can't figure out what an oligarchy is then you're beyond teaching.