True Socialism is clearly better than True Capitalism agree? What is true Socialism and True Capitalism to you?

[Manuelwe]

Russia and China are a lot richer than the West countries. As they use a socialism system. Also low immigration too.

[Effably]

Russia and China are not a lot richer. China's explosive rise the last 30 or so years is tightly linked to them A. Embracing a degree lf capitalism and B. Focusing heavily on investing in their own country.

It is capitalism to acquire funds, which in itself does little, but paired with targeted investment has lead China from third world to now being the equal of some western countries.

If we want an example of successful Socialism we should look at... Basically all of northern, central and western Europe. Premier choices is of course Norway, Sweden, Denmark and Finland. But places like the Netherlands are also highly socialist. And by American standards all of Europe is socialist '- more than Russia or China.

True Socialism, or communism, has only been seen once in history. Ancient-ancient China. Shennong, or the Holy Farmer. Everyone shared equally. It took the region out of famine and into wealth. In fact so wealthy starvation was entirely gone, everyone was getting educated and honestly? Probably the most thriving society on earth at the time. What happened? Well, a bigger army came and gobbled it up.

Shennong still stands at a very curious moment in time where "true" socialism/communism happened without interruption and several hundred years of... as crazy as it sounds, unrivaled prosperity.

[molonski2]

Russia is beyond broke my friend..

The reason that Chinas standard of living has risen ( from absolute poverty per person ) is that they embraced 50% of Capitalism.

The ideal that Socialism is even an option is ludicrous , life and economic success and hence " standard of living " is progressed by Capitalism. Now , so that capitalism can continue to work , and the bottom 10% are able to live , we have some elements of protection , these may or may not include , education , medical , subsidised work options , unemployment , and disabled pensions.

You are young , and you will learn , the system is NOT perfect , but its far and above the very best we have for improvement in living standards and financial literacy.

[Wonder_Man]

Well, I agree with that. I believe true socialism respects individual freedom. True socialism can be designed to respect individual freedom by emphasizing equality, fairness, and shared resources while still allowing for personal autonomy. As example: Often praised for its "flexicurity" model, Denmark combines a strong social safety net with a flexible labor market. This system ensures individuals are supported if they lose their jobs while encouraging economic dynamism. Denmark frequently ranks high in happiness and freedom indices.

[Dargil]

Socialism is a combined political/economic theory. It ultimately fails because innovation and incentive are suppressed. The EU is a perfect example.

Capitalism is an economic theory only.
Combine Capitalism with Fascism and you get Nazi Germany.
Combine Capitalism with representative democracy and you get the USA, which encourages innovation and incentive.

Full Stop. Don't Bother.

[DrPepper12]

You are young so I'll forgive you. Capitalism is the best engine for human progress ever invented. Socialism is the best mitigation against the negative externalities of laissez-faire capitalism.

You need both. Pure anything is almost universally bad.

Exhibit A: oxygen

[exitseven]

Russia and China are Communist countries. Look closely and they are not richer than Capitalist countries.

[BarryLiverstone]

Everyone has a mix, there are no counties with pure ideologies.

[BarryLiverstone]

The challenge I see in socialism is motivation. What motivates people to sacrifice and work hard in socialism?

[Anonymous]

China yes, but Russia is not rich, and not a socialist country (that was Soviet Union).

[Opinion Owner]

I agree, socialism is better, but Market Socialism (Chinese version).
Soviet socialism wasn't that efficient, they should have used the Chinese model of economics.

[seeyounexttuesday]

Lmao. Stupid question of the day award!

[Anonymous]

Venezuelan's hate socialism.