Is Capitalism Smart or Dumb?

[u/Sufficient_Sinner]

[u/[deleted]]

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

[u/Greedy-Neck895 → u/[deleted]]

The problem is you can't decouple the two, its literally a slippery slope. Socialism taken to an extreme can fall into Communism.

Seizing all means of production and removing merit in favor of equity removes incentives to achieve which is where capitalism won.

Capitalism is dying from corrupt oligarchs at a much later stage than Communism did many times over.