Do You Prefer Capitalism or Socialism?

A capitalist DEMOCRACY is 'fair capitalism'. Socialism has no relationship to capitalism, fair or unfair.

None of the countries you mention are Socialist, and none have a Socialist Party. They are Socialist in name only, or in implied purpose (for marketing to the kind of rubes who buy that BS). The modern Left is about as Capitalist as it gets.

 

I'm not Canadian.

What does "GOP" have to do with this? I'm not American (or Canadian), and not a Conservative.

 

Who is 'us'? I'm not American, remember. I live in one of those countries you probably think are Socialist .. and I guarantee we have all the same social problems America does. The free healthcare etc makes almost no difference.

 

You mean Capitalism funded programs?

 

The brainwash is strong with these bozos.....

 

Except to people who need health care. If they are modern country and they are not us, they are socialist. Fair capitalism with a good safety net. Nobody in the world wants the opinion of the GOP base, the worst voters in the modern world and brainwashed to the max on everything at this point..... Not a single one of your phony scandals or conspiracy theories have gone anywhere in the real world.

 

Of course. That's what socialism is... Fair capitalism with a good safety net. What socialist parties have been for forever.

 

I don't give a damn what country you're from, you believe a mountain of garbage GOP propaganda or right-wing propaganda. It all comes back to me now and absolutely useless rabbit hole.....

 

TOO MUCH DEREGULATIONS; Give the Wall Streeters fishing rods, and they'll end up using dynamites, and that's innevitable.

HOWEVER, there's nothing wrong with Capitalism as long as our GREED WATCHDOGS/REGULATORS have the power they need to intervene, AND THAT IS IT FOR CAPITALISM.

SOCIALISM; In the U.S., approx. 20% of the means of production used to produce/deliver goods and services are STATE-OWNED, and like it or not, that's an indisputable fact.

IN ADDITION, the means of production/IP rights may also be co-owned by the State and Private entities, for example; The Moderna Covid19 Vaccine.
The NIH claims joint ownership of Moderna's coronavirus vaccine
https://www.axios.com/moderna-nih-c...nts-22051c42-2dee-4b19-938d-099afd71f6a0.html

THUS, attention all anti-socialist; If you were dosed with the Moderna vaccine, then what's circulating throughout your body is a quasi-socialist vaccine.

 

Yes, there is, which is why capitalism without an accountable democratic government to rescue the victims from enslavement by the privileged is not much better than socialism.

That's finance capitalism, a much more refined and modern -- but less productive -- version of it than the industrial capitalism of the 19th and early 20th century.

 

What's inherently bad about capitalism? Do tell. Where has capitalism resulted in slavery in modern times in America?

 

A fundamental principle of capitalism is that the producer of the best product, at the lowest price wins market share. That presents a problem with automation. How do you maintain an economy based on consumption, when a goal is to reduce labor costs, which over time reduces both the work force and their ability to pay for their consumption, without government intervention and regulation? I think for awhile, innovation creates "new products and new jobs," but technology grows almost exponentially and the long term trend will be fewer jobs.

 

Do you buy the shoes or cell phone or car you want? Or do you buy the one that you think are made by the most politically correct company, or the company you think treats their workers the best? Either one is a completely, perfectly valid choice in capitalism. No harm either way.

Automation of jobs is a concern of many, and one I've often thought about. Maybe one day we can all own a robot that does our jobs for us and we still get a paycheck. Not sure. That is a great point and a significant challenge we face as a society. It's not a problem socialism fixes, though. Even socialist countries like fancy machines that make life easier.

 

No it doesn't.

 

Sure it does. People make these types of decisions 100 times in a single grocery store trip. Or when buying a car. Or a phone. Or a pair of shoes.

 

They buy WHAT THEY THINK is the best product at the lowest price.

 

Yes, they need an all-powerful woke politically correct caste to tell them what to buy. Thanks. You proved my point.

 

So you've never heard of advertising. Got it.

 

Do you obey all advertising? Some might. There's a reason millions of liberals own a Snuggie.

 

Yes...people are free to chose. And, the choice they usually make is the best value at the best price. The "assumption" is that both the investor and consumer are "rational decision-makers." There are new studies that challenge that assumption, but it's still pretty much the rule. On your other point, a mixed economy of both socialism and capitalism may indeed work regarding the automation problem. China is an example. There the problem wasn't so much efficiency in production, but employment of millions transferring from an agrarian economy to an industrial economy. The State was able to dictate production at low cost labor as opposed to greater investment in capital intensive automation (which they were initially dependent on the advanced economies for). In that way, they were able to redirect surpluses away from manufactured goods and toward their own infrastructure. IOW, some form of government intervention may be required to subsidize human labor, in order to keep a consumer economy. People tend to forget that both Keynes and Friedman agreed that there are times when one must pay people to bury and dig up empty bottles or drop money from helicopters.

 

The "rational decision maker" model for investors (and consumers) is being challenged today, due in part to the "bubble economies" and loose regulation which allows fraud and deceit into both marketplaces...otherwise, the old model still holds, IMO, in an honest market.

 

Socialism doesn't create informed consumers, lol. Sorry. It creates prisoner consumers.

 

Government intervention and regulation may, however, outlaw fraudulent practices, thus indirectly creating "informed consumers." Something...the tobacco companies found out.

 

Who makes sure the government doesn't engage in fraudulent practices, like telling people, "If you just vote for this next 10 trillion dollar bill, all the roads will be fixed."

 

You do...by voting them out in the next election for failing to fulfill their promises.