Capitalism, socialism, or mixed economy? Which one is best? If democracy can fail and be overtaken by olygarchs then what ruling system would be better? Can all political systems be improved or only democracy can be improved?
I don't think Socialism can be success or even wanted at 100% but I do know the way society is today it's still too much Capitalism even with vast improvements compared to when Marx was alive. The System ideally needs to be 80/20 in favor of Socialism.
And any society can be ruled by a oligarchy so I don't bother to equate that into the answer, idiots like to reference oh look how this socialist country got ran by evil people while pretending that never happens under capitalism when I think the reality is capitalism does it way more you just never notice because the rich and powerful in such countries always get away with it.
So yeah I don't bother to worry about it, as it's not really thing that can be controlled by any system though of course we can try to stop it equally under any system.
To add on what the 20 of Capitalism that should be left is Companies as plenty of them are doing things that people want though of course we'd increase tax a lot and make their power much less. And we could still have bit more wealthy people but the floor and ceiling would be drastically closer.
As a final point I think AI can help with this a lot, oh no big scary AI however if implemented right you could get rid of meaningless, tedious work and not expect a lot of people to even work giving them a universal income while this money comes from that a lot more tax on said Companies who will be using such AI.
Let's give an ideal say everyone at working age gets 40k a year income however if you do decide to work maybe you'll get to 100k. I think then people would still be a reason to own a company, sell things or get a job that is needed by a human but not needing to do so. And you just make things all cost relatively reasonable, and there wouldn't really be such a thing as inflation as you have a cap on money you can get. Things in a way would be price locked, besides that of what people personally sell. Their could be some minor inflation but it wouldn't affect those to create poverty in any kind.
That's just my thoughts, I do think we'll see some sort of this in the future as we've already seen AI, and Automation replace jobs along with how Capitalism has got more Socialist systems as time goes on.
Market Capitalism, no two ways about it. However...
To me, this is a question of gradation rather than an on/off switch.
Some nations have more or different forms of government involvement than others. But it would be *totally wrong* to call the Scandinavian nations "Socialist Republics" - and not only because they all still have ceremonial monarchies. Sweden may have more statist involvement in the lives of its citizens, but it still has private corporations, even rather *big and global* ones, (e. g., Bofors, Ikea, Saab, Volvo)
Moreover, I do understand the Pareto Problem:
https://en.wikipedia.org/wiki/Vilfredo_Pareto (who brought us the concepts of Pareto Distributions and Pareto Efficiency) was right. A new invention or business idea, even if it ultimately improves all of humanity, will disproportionately benefit the first ones in on it. Rough ideas like the 80/20 rule are an example of this.
So, if you ban people from becoming billionaires, you end up hampering the new inventions, breakthroughs, ideas, technologies, etc. that will benefit even the poorest of us. The price of having such innovation - is having a small number of billionaires who will be making out the best from such improvements. To do otherwise is to have a stagnating and even vicious society where we don't improve conditions:
So what do we do about this? I suppose Jordan Peterson's suggestion - have a large degree of public works and infrastructure type projects and programs so that the economic benefits do get down to even the poorest among us (better roads, parks, schools, hospitals, etc.) - is the best we can do.
Definitely not nationalism.. When nationalism rise in many countries simultaneously a world war is bound to happen (which would be destructive for humanity with our modern nuclear weapons). We have many precedents for this.
Unregulated capitalism also gives all the power to those with the most money, who then rig the system in their favor, hoard resources and then force everyone else into poverty, by controlling the job market and wages along with it. It feeds on inequality and makes the wealthy even wealthier and the poor poorer. According to reports, more than half of the world's wealth is controlled by only 2% of the world's populations
I'd say maybe a light form of socialism or social democracy
Pure capitalism is the best way to bring people out of poverty. Once you start adding a mixed economy you start hurting the poor. America was reducing the number of people in Poverty up until the "Great society" Then the poverty rate flatlined and it hasn't changed since.
In short if you want every one to be poor except the uber rich pick a command market. If you want everyone to get more wealthy pick a free market. And if you want to have a permanent underclass with multi-generational poverty pick a mixed market
From what we know currently by historical example the best system is a mixed economy where you use capitalism as an economic driver with socialism to handle basic needs and to keep a thumb on the market so capitalism does not get too out of control which it is want to do.
As for the political side the best system is a democracy with more than 2 political parties and some sort of improved voting system such as ranked choice. Will this be the best in the future? Probably not, its simply the best system that we have developed to this day but we are always trying to refine it and improve upon the system. The question is not if we will find something better, but when.
I also think so, but there should be better labor laws in place. We do not have that and we cannot test for how long can capitalism last and what will happen. How it could be changed
My guess is that Republicans will be forced to bring about unrestrained capitalism and perhaps laissez-faire. I was suspecting that the government is more able to provide better rights that letting it all in the hands of corporations that often go unsupervised
Look no further than Germany. Our mix of capitalism, social guardrails and strong workers rights has made us repeatedly the richest and most successful country in Europe, while at the same time paying off the costs of two world wars and one reunification.
Democratic socialism (which encourages capitalism up to the point where it harms society).
"Democracy can fail and be overtaken by oligarchs" only if the people allow it. That's the whole point of democracy and the rule of law. People have been brainwashed into believing that CEOs are somehow "worth" hundreds of times more than the people who work for them, that extreme wealth is proof of superiority and not a cancer on society.
Unrestrained capitalism results in what you have today - an extremely small number of people with wealth and power, an ever expanding number of impoverished people, and a vast majority of people treading water in the middle. This pattern repeats itself throughout history, without fail, every eon.
Socialism has certain advantages, but it requires a mindset that capitalist exposed people rarely have or ever wish to. They've been brainwashed to hate the term without even knowing what it involves.
The irony is that with capitalism, everyone but the largest, most powerful predators are prey. If you try and regulate that, you get called "socialist", even by the very people being preyed on. That's why capitalists keep the general population stupid... easy prey, like magats.
National-capitalism, very similar to what Trump wants to achieve but my nationalism isn't a little bit more color oriented since I don't think multi ethnic nation is a real thing and capitalism is less protectionist.
A Capitalist economic system with a strong federal government limited by a constitution to oversee and regulate the capitalism and a constitutional ban on dark money in politics with a very low limit on personal and corporate political donations along with a handful of government controlled social safety net programs that should never be placed in the hands of capitalists in a for profit business model.
I always think a socialism/mixed economy is superior to all - just look at China grow, just look at state controlled countries like the Middle East with big government control over daily lives and economics - somehow there must be clever wisdom there because those countries you know got very lucky with the resources they export, the big cities they build - you can't fault success 👀
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Anonymous
(36-45)
8 mo
I think Market Socialism is the best (like in China).
It allows for good growth but a lot of people might still be unhappy because of a lack of proper labor laws in place and no way to have it easy for small businesses due to taxactions. Perhaps progressive taxation would help them out if taxes are very small
Lastly, I personally think Yugoslavia did good. Though it failed. Try to look into it. It's a very interesting study case. They didn't have democracy. Look up "life inside" best" dictatorship" by simple history. It is a very interesting case study although it still failed
11.7K opinions shared on Society & Politics topic.
Socialistic social policies, conservative self defense and military policies, all in a more center libertarian framework. Otherwise, perpetual anarchic state.
Capitalism with some restrictions/regulations in a representative democracy is the best we humans have come up with. If there's something better, we haven't found it yet.
The ones that always focus on the working class and never the rich and influential. The prosperity of the working class is the prosperity of the nation.
Social Democracy is best. Maybe the Germans or Scandinavians can show the USA how to run the country/ economy because what we have now sure as hell ain't working for every body.
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Anonymous(18-24)
