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[–]radicalcentristNational Centrism 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Socialism's biggest weakness is it always stifles GDP per capita.

https://upload.wikimedia.org/wikipedia/commons/c/cc/Soviet_Union_USSR_GDP_per_capita.png

It's basically a choice of wanting to live in poverty forever, but with citizens that are taken care of.

With Capitalism, it's the polar opposite. The most successful citizens can afford luxurious lifestyles that make the other 99% jealous.

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

We're talking about state capitalism here. Socialism is a very broad term. You're thinking of the Marxist definition.