In Europe, we also had warehouses full of butter and powdered milk that had to eventually be destroyed.
However, the whole capitalism vs. socialism debate really isn’t all that relevant anymore.
All economies are mixed-mode nowadays, because governments are better at some things and free markets are better at other things.
The real issue isn’t about choosing the right ideology, but rather the issue is about tweaking the right set of policies and rules.
Right now, we can really use some stronger unions and pro-labour policies. Whereas on climate change, we really need to start taxing fossil fuels higher and let markets adjust away from them.
This is the right perspective, in my opinion. Pure socialism will never work until humans further evolve, and pure capitalism also doesn’t work for the same reason (i.e. greed/selfishness). A balanced blend of the two is the ideal path to a prosperous society.
In Europe, we also had warehouses full of butter and powdered milk that had to eventually be destroyed.
However, the whole capitalism vs. socialism debate really isn’t all that relevant anymore.
All economies are mixed-mode nowadays, because governments are better at some things and free markets are better at other things.
The real issue isn’t about choosing the right ideology, but rather the issue is about tweaking the right set of policies and rules.
Right now, we can really use some stronger unions and pro-labour policies. Whereas on climate change, we really need to start taxing fossil fuels higher and let markets adjust away from them.
This is the right perspective, in my opinion. Pure socialism will never work until humans further evolve, and pure capitalism also doesn’t work for the same reason (i.e. greed/selfishness). A balanced blend of the two is the ideal path to a prosperous society.
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It is a fine line and I agree there should be tweaking of the policies and rules to adapt through the years.
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