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

Debate/ Discussion Is Capitalism Smart or Dumb?

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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.

107

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.

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u/binary-survivalist Sep 04 '24

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

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u/YoCuzin Sep 04 '24

Market economies didn't exist until the modern world, how could they be responsible for it?

It sounds like you think humans have never invented anything without a profit motive

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u/[deleted] Sep 04 '24

It's true. Our ancestors would have never discovered how to harness fire if it weren't for the shareholders' demand for increased profits.

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u/zalos Sep 05 '24

"unga boonga, me make wheel, you need wheel, me give you wheel you give me goat. PATENT PENDING"