Darkcoffee@sh.itjust.works to Late Stage Capitalism · 3 days agoThatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism?message-squaremessage-square79linkfedilinkarrow-up1502arrow-down15
arrow-up1497arrow-down1message-squareThatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism?Darkcoffee@sh.itjust.works to Late Stage Capitalism · 3 days agomessage-square79linkfedilink
minus-squareAA5Blinkfedilinkarrow-up1·21 hours agoNo. With socialism, you’re spending other people’s money until you eventually run out and can’t achieve your goals. With capitalism you’re extracting other people’s money and if they’ve run out you arguably achieved your goal
minus-squareDarkcoffee@sh.itjust.worksOPlinkfedilinkarrow-up1·21 hours agoOnly one of those has the money recirculating.
No. With socialism, you’re spending other people’s money until you eventually run out and can’t achieve your goals. With capitalism you’re extracting other people’s money and if they’ve run out you arguably achieved your goal
Only one of those has the money recirculating.