this post was submitted on 09 Apr 2024
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I hate to break it to you, but Norway practiced capitalism. They just have some of those controls I mentioned. Their biggest reason for wealth is oil reserves, which is state owned and there is a fund used for citizens ratherbthan private interests. Capitalism has allowed their people tonprosper in a way the average person in a similar middle eastern country does not.
You mention Cuban life exoecrancy being high, despite income being much lower. Cuba has excellent healthcare. However, look at their poverty rates. That same healthcare does not function without the research and equipment that cones from capitalist systems. That's not to saynthere is not excellent research coming from Cuba. There is. However, the level of productivity in their economy does not support the same level of research and equipment manufacturing that occurs in the capitalist west.
We had a recent pandemic. Which vacxine do we use?The western ones. The Chinese and Russian ones have been found lacking. They did excellent research but they don't have the same capacity for research and testing.
Infant mortality has been dropping worldwide I've the last century, based mainly on nutrition and health information. This was led by western countries practicing capitalism. Many in western Europe, that have social programs, as part of capitalism. That's the point, nobody should follow pure capitalism, but rather use it as a tool to increase productivity and use other methods to channel that increased productivity to more peoples benefit.