"It's The Best System We Know"
submitted 3 years ago by EndlessSunflowers from (i.imgur.com)
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[–]Thiswaycomrads 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
This is a over implications of a complicated economic system.
Time equals money. Whenever you see something you want you always make a calculated thought about what it cost your in labor hours.
Anyone who thinks capitalism is bad can go try living in a socialist state. Good luck. You will starve and have no rights in north Korea or Venezuela or cuba. Go for it.
Markets are amazing at innovation and creating wealth and jobs. But it's not perfect which is where regulations come in to protect workers and the environment and society. Ditto for a welfare state. Everybody needs health care and housing and a education. That's not socialism. It's simply taxing capitalism and using that wealth to make society better.
No body should be a billionaire. Income taxes should go all the way up to a trillion dollars. With billionaires paying 90 percent on the billions they earn. How could a society that is 99 percent not billionaires disagree with that?
It's impossible to organize a economy better the the market economy. Markets gives us prices which makes it possible for us to make decisions where to invest and do xyz. Any economic system that goes away from that fails.
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[–]Thiswaycomrads 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)