People argue back and forth whether capitalism or socialism/communism is a superior system and they are all wrong. Those concepts are just tools. Saying one economic system applies to all situations is as silly as saying the only tool you need to build a house is a hammer.
it’s more about which one is better for more situations, no? it is much harder for different situations in the same area to dynamically decide which economic system is better.
Not really. It’s entirely possible to pick and choose. We chose a socialist model for fire department because the capitalist model proved disastrous. Many countries successfully did the same for healthcare, retirement, and all sorts of things. At the same time, capitalism is great when you want a million choices on TV to watch or a grocery store with a whole aisle of different types of cookies.
To me, the difference is the impact of failures. If someone starts a company making a new type of cookie and it proves not to be profitable, it goes bankrupt. Unfortunate, but ultimately not a big deal. If someone has cancer and curing them isn’t profitable, you can’t just give up. That person’s life is more important than profit.
If the essentials of life are all shifted to “welfare capitalism” the power of class and capital to subjugate is greatly diminished. Add in mass union membership and it gets even better.
People argue back and forth whether capitalism or socialism/communism is a superior system and they are all wrong. Those concepts are just tools. Saying one economic system applies to all situations is as silly as saying the only tool you need to build a house is a hammer.
it’s more about which one is better for more situations, no? it is much harder for different situations in the same area to dynamically decide which economic system is better.
Not really. It’s entirely possible to pick and choose. We chose a socialist model for fire department because the capitalist model proved disastrous. Many countries successfully did the same for healthcare, retirement, and all sorts of things. At the same time, capitalism is great when you want a million choices on TV to watch or a grocery store with a whole aisle of different types of cookies.
To me, the difference is the impact of failures. If someone starts a company making a new type of cookie and it proves not to be profitable, it goes bankrupt. Unfortunate, but ultimately not a big deal. If someone has cancer and curing them isn’t profitable, you can’t just give up. That person’s life is more important than profit.
welfare capitalism is still capitalism as even firefighters are still subjugated by class and capital
If the essentials of life are all shifted to “welfare capitalism” the power of class and capital to subjugate is greatly diminished. Add in mass union membership and it gets even better.
I think public conversations are made of simplistic ideas. Maybe because they’re stronger. Easier to convey and digest.
So people may think deep and complex but societies think shallow and simple. Something like that.
One of the downsides of democracy no doubt.