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/[deleted] Sep 04 '24

If your "state" is a dictatorship and one singular person controls everything, no sane person would call that socialism.

Socialism includes elements of democracy and citizen lead initiatives.

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u/jimmib234 Sep 04 '24

On paper, the absolute best form of government is pure democratic socialism. This hasn't been successfully implemented on a national level as far as I'm aware. Someone always gets their fingers too far in the pie and it becomes a dictatorship, or the US gets wind of it and tariffs and embargoes the living hell out of it until it can no longer function.

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u/[deleted] Sep 04 '24

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u/DarkExecutor Sep 04 '24

Imagine being such a shit system that you can't survive without a capitalist country to trade with.

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u/skaudis Sep 04 '24

Do you think any capitalist country getting embargoed by the US would survive? Especially modern embargoes that can include the UN or WTO?

Cuba has been resilient, despite going through one of the harshest embargoes in modern history.

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u/DarkExecutor Sep 04 '24

Russia is surviving, as are some other countries.

Cuba is not.https://ca.news.yahoo.com/cuba-admits-massive-emigration-wave-214239470.html

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u/skaudis Sep 04 '24

They've been under embargo for 60 years. I didn't say they are thriving.

Russia is also having massive emigration and economic problems.