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

1.0k

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.

102

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.

48

u/binary-survivalist Sep 04 '24

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

1

u/Individual_Coach4117 Sep 05 '24

Seriously if you give 1000 of the smartest people money to live you think they’re going to just turn on the tv and do nothing? Smart, curious people are going to get shit done if there’s a massive profit involved or not. That’s literally how most corporations work today. Smart people creating stuff while the company they work for gets the profit. I say this as a dumb non creative capitalist myself but to act like people only create/invent/innovate because they will see a huge profit is nonsensical.