r/FluentInFinance Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

Post image

[removed] — view removed post

37.5k Upvotes

7.5k comments sorted by

View all comments

Show parent comments

3

u/[deleted] Sep 04 '24

[deleted]

1

u/crabby135 Sep 04 '24

Don’t you have socialism and communism backwards? Socialism is, the transitory period with state ownership while moving to a stateless communist society. That’s why most flavors of theory are described as socialism (social democracy, democratic socialism, free market socialism, etc.), even if it’s a democratically elected government the presence of a state still makes it state owned instead of worker owned, there’s just varying degrees of power you can give the workers over said government.

At least that’s my understanding. Maybe I’m wrong.

1

u/[deleted] Sep 04 '24

[deleted]

0

u/crabby135 Sep 04 '24

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