pull down to refresh
25 sats \ 1 reply \ @kepford OP 16h \ parent \ on: Friedman on Greed in Capitalism and Socialism econ
Indeed. Redirect is a great way to think about it.
I think the biggest mistake that is made in fighting socialism is that people do not focus on these flaws. They focus on the totalitarianism of communism. The problem is that all state systems can be totalitarian and really all of them are to a degree.
But even with a bunch of morally pure monks(I know this is impossible but stay with me) running a socialist government it would fail because socialism can't solve the knowledge problem. A price system is needed.
Then given this... we know that humans are not morally pure. Greed exists and you can't rid a society of it. Even a Christian society or whatever will have it. The best we can do is redirect it.
I firmly believe that many statists don't really believe socialism is flawed. Not really. The hold on to many of its ideas. This is why they really feared the USSR and fear China today. The reality is that both realized they needed some free enterprise or they would fail. If the statists in the west truly rejected socialism they would support full free enterprise realizing that it would lead to so much prosperity that any nation that didn't trade with them would fail.
But... its probably nothing. I'm just a nut job.
This is why they really feared the USSR and fear China today.
100%
reply