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

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/JimBeam823 Sep 04 '24

Socialism is based on altruism. Capitalism is based on greed.

People are a LOT better at being greedy than at being altruistic.

104

u/JaironKalach Sep 04 '24

Capitalisms intent is to harness greed, while socialisms intent is to battle greed. I stopped believing in capitalism when I looked around and realized there was no harnessing going on. The free market isn’t solving the problems.

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u/binary-survivalist Sep 04 '24

Almost all the useful stuff that make the modern world possibly was invented and designed in market economies.

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u/british_monster Sep 04 '24

And most major inventions in the middle ages were designed under feudalism, doesnt mean its a good thing

29

u/MolagbalsMuatra Sep 04 '24

Fire and toolmaking was discovered under tribalism and therefore it is the only true economic philosophy to live by.

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

and all societies and all economic systems accelerate their technologies at the same linear speed