this post was submitted on 20 Jul 2023
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I am pro-capitalist myself because there is literally no evidence for anything else working well on earth. Capitalist systems (albeit with regulations to maintain free markets - ie snuff monopolies and anticompetitive practices) have improved the standard of living for people more than any other system ever has. But I full expect flurries of downvotes because of where I am and the group think circle jerk here.
Do you believe it's the only thing that's worked so far, or the only thing that could ever possibly work?
Can you point to a socialist country where it has resulted in better outcomes than its peers? Cuba might be a contender but then there's also Venezuela next door...
I do not consider China to be a socialist country. It is a market economy where your average Foxconn employee no more controls the means of production than your average Detroit autoworker. My understanding is that China doctrine states socialism is one big long term TODO (with ever moving goalposts), requiring their economy and material wealth to have grown first. Well, you can't deny it's grown but I'm still hearing a lot about Chinese billionaires while there's also a huge swath of Chinese rural poor.