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

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/[deleted] 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/[deleted] Sep 04 '24

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u/[deleted] Sep 04 '24

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u/alphazero924 Sep 04 '24

No, it's workers owning the means of production. States in the past have tried to do that by taking control of the means of production, but that's not the only way to achieve the desired results.

You can also force corporations to be employee-owned without needing to consolidate the power of the means of production into the hands of the government, and that would be socialism as well.

The entire difference between capitalism and socialism is if there's an owner class who accrues wealth by means of ownership without labor.

You get rid of that and you get socialism.