Why does it bother you that the state owns the means of production, I mean conservatives always say that workers owning the means of production always leads to oppression but unchecked capitalism can also lead to slavery and the greed of exploiting workers so the government keeping a check on greedy wannabe slave owners is also not a bad idea.
Because it never ends well.
As far as the average citizen is concerned, the state will be able to determine whether you live or die at that point. It doesn't matter what the philosophy behind the screwing, you're screwed and there will be nothing you can do about it and they'll do it to you because you can't do anything about it.
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USA was rivaling with the USSR being top global power. USA was equally concerned with the USSR being an atheist state and religious lawmakers pushed the idea capitalism is gods plan. In 1957 is when all currency had "in god we trust".
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Because they state can neither competently operate nor improve upon the means of production. A state that seizes all personal property under the illusion it will produce the same results and divide the benefits equally will inevitably fail at it, produce less, and reduce everyone's standard of living. Venezuela is living proof. It was one of the richest countries in South America 30 years ago before socialism wrecked it.
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