alt Hacker Newsthen it's a terrible system to govern humans under.
your system should work with human nature or it will never work.
capitalism exploits greed to generate prosperity. socialism falls under greed.
and no there's not a better solution, or at least it hasn't been found yet. if it was it'd still be a form of capitalism, not the other side of the spectrum.
but we disagree on the effects of the current system. capitalism has not been at the expense of society, the opposite in fact. we've had so much prosperity due to it.
same with the environment really. communist countries don't really have better air quality, worse in fact! US has the money from capitalism to develop clean tech.
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I agree with both of y'all: Humans are inherently tribal, greedy, and selfish, and seek to better themselves and their kin at the expense of others.
Communism seeks to mitigate or avoid this human instinct, often failing.
Capitalism throws its hands in the air and says "ok, be greedy and selfish, ignore others and society, and if we're lucky, and it sometimes provides any societal benefit, that's purely incidental and secondary to you making money".
> then it's a terrible system to govern humans under.
Agreed!
> capitalism exploits greed to generate prosperity.
Sadly without representation, that prosperity accumulates around the few that then don’t necessarily disperse it back into the economy but hoard it and lobby against taxes and workers’ rights etc.
From where I stand, both systems suck, just that regulated capitalism is more workable in the more socialist leaning nations from a human welfare perspective, like many of the ones in the EU. Ofc an economic powerhouse that does not make, not necessarily.
And then there’s corruption and various bureaucratic inefficiencies, which you’ll get to some degree in any system.