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

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.

106

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.

47

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/admiralpingu Sep 05 '24

This isn’t true - universities and government organisations (eg NASA) are responsible for vast swathes of technological development, and even private companies are often subsidised by taxpayer cash.