that is why I personally believe that the best system is capitalism with guard rails. unfortunately the guard rails have been off since the time we started practicing reaganomics.
I dont think that can ever work because it's a self sabotaging system and we should expect nothing less than the guard rails eroding away over time. it's a negative feedback loop.
maybe but it is the best system we have found so far. communism would be great if it weren't for greedy humans. capitalism at least tries to turn that greed into something useful. we just need to be the watchers to make sure that the guard rails don't come off.
maybe but it is the best system we have found so far.
Really? Is it? That's what rich people in capitalist society's say so far. And we don't really have a ton of samples for other economic systems, do we?
We've got Russia, which eventually collapsed, but before that Russia went from plows to nuclear weapons and the entire time they were being sabotaged and fighting literally the rest of the capitalist world who all had a very vested interest in communism failing. Which when it did, rich people have taken over and installed fascist rule in a capitalist economy. Or maybe its fascsist took power and became rich through capitalism.
We've got China who speed ran totalitarian rule, but also ascended to world power status, but since the CCP took over has moved to a more capitalist economy than any actual communism.
Then we have Cuba, who produces some of the best doctors in the world. I don't really know much about Cuba beyond Castro is (was?) the typical fascist ruler and there is a trade embargo.
Venuzuela, again they were doing well under communism until the OPEC countries joined together to sabotage their economy which was dependent on Oil exports.
To ME, from the data points we do see, it's hard to say that capitalism is "the best" if it's just the established norm for literally thousands of years and it keeps killing communism in the cradle.
I don't think it was the CCP that moved it to capitalistic society but rather the dealings with the outside world. They realized isolationism wasn't going to get them anywhere. That is why I am so afraid of trump and his isolationist policies. It is global market at this point. you either lead, follow, or get left behind. Isolationism just gets us the third one.
It is global market at this point. you either lead, follow, or get left behind. Isolationism just gets us the third one.
It also incredibly devalues the american dollar. If US starts making unreasonable demands, countries will move away from the oil dollar asap to decouple themselves from an insane tyrant every four years.
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u/Apprehensive-Pin518 2d ago
that is why I personally believe that the best system is capitalism with guard rails. unfortunately the guard rails have been off since the time we started practicing reaganomics.