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this post was submitted on 31 Oct 2023
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You have a very generous definition of the word "worked."
It's just a simple fact that managed or hybrid capitalism produces by far the best results for the most people. I will never understand the need to see the world in black and white terms when it's quite obvious to nearly everyone that mixed economies provide the best allocation of resources together with the highest quality of life. This is a subject that mainstream economists see as largely settled, apart from the details.
I can't believe I'm seriously arguing with a communist. Maybe this is enough Internet for me for today.
No I have a rather defined definition of worked. It is “improved the lives of the vast majority of citizens”. Which socialism did, and does.
25% of American children don’t get enough food to sustain proper development. And that’s a proper allocation of resources to you? Millions of Britains rely upon food banks because the resources are so unevenly distributed that a few individuals hold the majority of it, and that is a proper allocation of resources to you?
Nearly a million people are homeless (40% of which work full time) in the US. Is that a better allocation of resources than providing housing as a human right?