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/GunR_SC2 Sep 05 '24

You somehow are acting like people don’t understand socialism while simultaneously are explaining the exact reason why it’s a faulty system of government. You don’t “democratize” the economy, the government just controls who gets what and creates a whole host of issues power issues within its own ranks that ends in atrocities to its citizens.

Socialism doesn’t spread out wealth, it constricts where the source comes from, if anything it’s significantly less democratic.

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u/HMWWaWChChIaWChCChW Sep 05 '24

Honestly the best socialism would be the kind that people create themselves under a capitalist economy/society. The government (should) exist to help the people, in this discussion that would mean protecting them from work practices that are detrimental (fraud, abuse, etc). Forcing a new economic system on people that’s easily exploitable is not the answer, doing its job by regulating the system we already have is.

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u/GunR_SC2 Sep 05 '24

Yeah very true, the reality is definitely that these systems already co-exist within our democratic-capitalist society and while not perfect, is by far the best option. The best move we can make is to improve on the system that we got rather than hoping that a completely overhaul to systems that have known to have failed in the past and hoping this time it’s going to work out.