this post was submitted on 13 Feb 2024
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Capitalism is about individual ownership of the Means of Production. Socialism is about worker ownership of the Means of Production. Both are about production.
Politics is not about distribution of Production so much as it is about creating systems and networks that people can use. The failings of Capitalism are still because of Capitalism.
The 90% income tax being removed was because of Capitalism. Wealthy Capitalists appealed to politicians to have it removed, simple as. That is 100% a consequence of a system centered around petite-dictators.
Socialists care about the ownership of the means of production.
Capatalism dose not even consider the term. They only care about the result to indevidual growth.
As a example that makes my point. Elon musk and space ex is about rocket science to the engineers
To musk and other who consider space colonisation the only viable future for humanity. Rocket science is just the currently most effective way of achieving the goal.
To a socialist ownership of means of production is the goal.
To a capatalist it is just the best way the currently see of achieving the goal of indevidual wealth.
You're actually 100% incorrect here. Capitalism requires the presence of Capitalists, ie owners of Capital, to exist.
Capitalism and Socialism are both about ownership of the Means of Production, with Capitalism it's so Capitalists can profit, whereas in Socialism it's so the Workers can profit.
For Musk, SpaceX is a means to make profit off of government contracts and subsidies.