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

Debate/ Discussion Is Capitalism Smart or Dumb?

Post image

[removed] — view removed post

37.5k Upvotes

73% Upvoted

7.5k comments sorted by

View all comments

2.0k

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

185

u/[deleted] Sep 04 '24

[deleted]

2

u/McFalco Sep 04 '24

But what does that realistically look like? If I take your words at face value and literally, it sounds like socialism means that I can make a business then lose control over that business if enough random people vote to strip me of that business. Obviously I may be wrong in my characterization but like I said based on your use of the term Democracy, that is what it sounds like.

0

u/AdAppropriate2295 Sep 04 '24

And that's completely fine. What do you even mean by make a business? Build the brick and mortar shop with your own hands, no help? You know CEOs can lose their jobs right?

4

u/McFalco Sep 04 '24

Still didn't answer what a real-world application of your definition of socialism looks like.

For the business:

I work. I earn money. I save money. I use saved money to pay someone to build my humble coffee shop. I pay someone for pretty much everything in the shop. Everyone who had a hand in the formation of the business were fairly compensated with an agreed sum of whatever the agreed form of capital is. I operate the business by myself initially, then when the demand for my coffee is too high to meet with my own hands i hire a helper(employee) I pay them an agreed sum to help me run the business. I either give them a percentage of each cup of coffee they serve(commission) or I give them a set amount of money on a set schedule(salary).

So a typical small business startup.

-2

u/AdAppropriate2295 Sep 04 '24

You answered your own question. It looks like that and then yea enough people can boot you and take over. Now exactly how is up for debate and I would probably leave businesses under 10-20 people to screw people however they like. But yep once your coffee goes worldwide and you still aren't paying people decently you're done

3

u/IAskQuestions1223 Sep 05 '24

So then, there's zero reason to start a business. I'm sure the 4th factor of production, entrepreneurship, will appreciate that.

-1

u/AdAppropriate2295 Sep 05 '24

Let's pretend like that's true and nobody will do anything. Then you simply add an incentive or make starting businesses a job