• rchive@lemm.ee
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    1 year ago

    Capitalists would argue that between capitalism and socialism, capitalism is the one that better accounts for greed, as it generally has laws to con strain it but otherwise uses it to generate all the production that’s the hallmark of modern society, division of labor, economy of scale, technological advancement, etc. Socialism doesn’t really deal with greed, it just sort of wishes it away. That’s why so many societies that have started down the socialist path have become at best poor and at worst authoritarian murder factories like the Soviet Union, Maoist China, Chavist Venezuela, the Khmer Rouge’s Cambodia, etc.

    • Grayox@lemmy.mlOP
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      1 year ago

      Communism quite literally exists to mitigate greed, and there is nothing stopping Capitalist countries from becoming authoritarian Murder Factories like Modern Russia, The United States, Britain, France, Belgium, and countless other examples of colonial powers that have exploited and murdered native populations. Billionaires get arrested and taxed all the time in modern China. While they almost never suffer the same fate in Capitalist countries.

      • rchive@lemm.ee
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        1 year ago

        No European country or the US is anything like Cambodia under the Khmer Rouge. Orders of magnitude different.

        Billionaires get arrested and taxed all the time in modern China.

        They don’t get arrested for the reasons you or I would arrest them, they get arrested for crossing the CCP. Billionaires do face punishment in the capitalist West.

      • RichCaffeineFlavor@lemmy.world
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        1 year ago

        Well to be fair to hating the west for committing genocides to accomplish this, it’s not like a lot of them had a choice.

        • Grayox@lemmy.mlOP
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          1 year ago

          Very Similar to how Christianity became a world religion at the end of a spear. However Capitalism is about as anti-Christ as any economic system can be.

        • DarthFrodo@lemmy.world
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          1 year ago

          The good ones tend to do something in-between, with a market based economy, but good regulations, solid welfare, and democracy. Scandinavian countries have the happiest populations in the world, maybe we should try to learn from them.

          Unfortunately corporations get more power over time instead of less. They have an ever growing pile of money to buy media and politicians to push their interests, that’s probably the greatest challenge of democracy.

          • rchive@lemm.ee
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            1 year ago

            Sometimes corporations get bigger, sometimes they get toppled by new competitors. A lot of them that we think of as unstoppable are barely hanging on by a thread. Twitter/X and Facebook are examples that come to mind. People don’t realize how much power they as consumers have.

    • mayoi@sh.itjust.works
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      1 year ago

      It’s a meme because some people don’t understand that monetary system isn’t political.