“Socialism” vs. “Capitalism” debate

Kinsella

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Firstly let me say that I'm not someone who believes that the free market is thee solution to all of life's problems, or that there's something divine in Adam Smith's hidden hand. I too am fairly pessimistic about the future and I think that politics across much of the so-called 'West' in the coming years/decades is going to revolve more and more around issues like culture and identity; ground upon which the 'right' will find it much easier to prosper than the 'left'.

So...not exactly a bed of roses.

Every attempt implemented by a dictator?

Socialism has its faults, no doubt, but the current system is out of control and anyone with a brain can see it's doomed to failure. Hard work, ingenuity and creativity should be rewarded 100%.
I think people really have to go back and think about the fundamentals at play here. Has socialism, or at least every attempt at its implementation, failed because the good concepts at the heart of it (which you referenced earlier) were simply perverted by the dictators who got in charge?...leading to the tragic misrepresentation, ridicule and misunderstanding of the system as a whole? And has the free market 'capitalist' system succeeded despite the immoral values and behaviour it can give rise to?

Or...have the results have arisen because each system has been true to the values it encourages, supports and develops in the people who live under that system? The answer is found here imo. You have ask yourself - what are the essential notions behind each system? The essential notion behind a free market 'capitalist' society is voluntary exchange and co-operation; whereas the essential notion behind a socialist society is fundamentally - force. And whenever a society departs from voluntary cooperation and tries to do good by force, the bad moral value of force will always triumph over whatever good intentions lay behind it.

Just examine what the effect on the people is, and think about what happens when a society is run from the centre; with the government/state as the master. Well...ultimately people have to be ordered what to do. This is then taken to the extreme in a communist society. Whenever you’re committed to doing good with other people’s money and other people's property, you are committed to using force. How can you achieve this social good with other people's money/property unless you take it away from them? The only way you can do that is by the threat of force! And I repeat - the bad moral value of force will always triumph over whatever good intentions lay behind it.

The reason is not only that "power corrupts, and absolute power corrupts absolutely," but more fundamentally and more profoundly it's because the most harm is done when power is in the hands of people who are absolutely persuaded of the purity of their intentions and untainted instincts.

And yes, people should be able to advance and better themselves BUT a massive human fault is greed. Greed, resentment, selfishness and arrogance promotes and fuels the system we have today and that system rewards the few at the detriment to the many.
You're touching on what is actually the essential issue here; namely the nature of man. I find that most of the fundamental divide in politics can be explained not so much by disagreements over systems and so on, but by the two different visions of human nature itself. One holds that man is flawed from day one (history attests to this) and the other that man is somehow perfectible. The latter ties in with the Rousseau notion that 'Man is born free, but everywhere he is in chains'; that the essential problem isn't man himself but institutions, those undemocratic turnpikes as Thomas Paine termed them, which prevent man from achieving his rights and, ultimately, his freedom.

Wiser counsel is offered by Edmund Burke however, who said (in reference to man's flawed nature) - “Men are qualified for civil liberty in exact proportion to their disposition to put moral chains upon their own appetites…in proportion as they are more disposed to listen to the counsels of the wise and good, in preference to the flattery of knaves. Society cannot exist, unless a controlling power upon will and appetite be placed somewhere; and the less of it there is within, the more there must be without. It is ordained in the eternal constitution of things, that men of intemperate minds cannot be free. Their passions forge their fetters.” In other words, the more self-control there is, the less need there is for government control.

Pardon the tangent (I just admire his writing), but he also famously said - "Society is indeed a contract … it is not a partnership in things subservient only to the gross animal existence of a temporary and perishable nature. It is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born."

On reflection, I think much of what has gone wrong in 'Western' society in recent generations has arisen because this partnership he refers to, has become frayed and even fractured. Tangent over.

People having billions while others have nothing is not right. It's not acceptable. The USA being wealthy while Africa is poor yet having huge natural resources is not right.
It can take a long time to get these things right. I'm a strong advocate of increasing foreign aid and putting real substantial investment into infrastructure projects and education (particularly for women). Ultimately though, the people themselves have to both get it right, and do right by themselves.

Healthcare should be a right for everyone, everywhere. I work an average of 70 hours a week, well over 100 in the Summer, and I'm doing well, yet I still can't afford a house where I was born. Homelessness is on the rise, as is poverty. Food banks are stretched even in places like where I live. The disparity continues to widen and all we see is cuts to public services and the NHS and Police force. People around me are buying up homes and using them as 2nd homes leaving them empty 10 months of the year. That pushes prices up and creates ghost towns.
I'm not in much disagreement with you here. People are increasingly living to work, instead of working to live. I'm volunteering at a soup kitchen and intend to do something with the homeless soon.

Capitalism is flawed and it's only going to end in disaster. Resentment towards the haves will grow and the have nots will have to fight, and there's a lot more have nots. Socialism might not be perfect but a balance is required. All flourishing societies work with many socialist ideals and policies imemented. Refuse collection, Police forces, the many branches of military, fire service, health service (in most countries) postalservicices and public transport, energy suppliers, social security, state pensions, care homes.
It is people who are flawed. Balance is required, but it's important to remember that 'capitalism' isn't wholly unregulated. It's regulated by a system of laws which goes some way in preventing its worst excesses, and also by the values and morality which people have (or at least profess to have) in their private lives and in their interactions and dealings with other people.

That's solicialism being implemented where everyone contributes towards taxes to pay for services everyone needs and uses, yet socialism is bad and doesn't work?

It's really simple. You earn more, you pay more. Lots more.
When it comes to income tax, those who already earn a lot more do pay a lot more. The real question to be asked is how much more?

A society is judged on the way it treats it's poor, sick and needy and there is no need in this day and age for people to be homeless while some lottery winner is sat in his house In Barbados while he has cottages in Devon and Cornwall sat empty.
Re: lottery winners, c'est la vie. Sadly!
 
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Kinsella

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Just wanna point out here that capitalism was the imperialist force and various forms of socialism was the anti-imperialist force in the 19th and 20th centuries.
That's as flawed and incorrect as the opening line of The Communist Manifesto.
 

Kinsella

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You might want to do more research on the relationship between the Industrial Revolution, capitalism, and imperialism.
Even if I had no knowledge of the history of other countries, the history of my own disproves his claim.
 

dumbo

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My favorite is Capitalism because I can get more money and bigger jobs and more aspirations. I love growth and economies and next day delivery. We should strive for more Capitalism and less of the Donald Trump racism. If we had Socialism you'd still be playing NES and not the latest Call Of Duty, and you would have no car and would have to walk everywhere in the rain.

Capitalism= Champions League, Nando's, two bank accounts, Snapchat, luxury golf courses, Tesla cars, progress and stuff.

Socialism= Jumpers for goal posts, home made soups, going without, penning a letter and having to post it, walks in the park and settling for less.

Why don't you jump on the team and come on in for the big win?
 

berbatrick

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The youtube/Chomsky/my definition of socialism has to do with ownership. Private versus common control of the means of production. That is certainly an extremely vital part, it determines quality of life and political power and hence freedom. (Freedom is curtailed by economic circumstances in obvious ways). This does not preclude markets. There are versions of market socialism (co-ops everywhere, which I don't like, or a general wealth fund, which looks more interesting) which look plausible and maybe attainable.

But like I said in the global warming thread, while I don't think central planning is the answer, there are massive problems with markets as well that won't be solved by a change of ownership. Things like global warming, or externalities in general. And as the transition from social housing the ownership in Britain under Thatcher shows, a piecemeal transfer of capital can promote reactionary politics.

I haven't read this book fully yet but the first few chapters seem to be arguing that the key transition from feudalism to capitalism in Europe was not just trade or cities or the emrgence of a powerful class that did not rely on fedual land ownership or even markets, but the forced entry of the market into daily life - employment and food and housing were not "commodities on the market" in feudal times.

Despite all that, and the excellent performance of Cybersyn in Chile, and the exponential increase in computing power since the Soviet peak, I still don't think an entirely planned economy is possible, and any socialism must include some kind of market mechanism.

I really like this article, I think I've posted it before: https://jacobinmag.com/2012/12/the-red-and-the-black

And I'd describe Matt Bruenig as a market socialist, I really like his stuff on property. His style is always a little tongue-in-cheek, like this: http://mattbruenig.com/2015/10/01/c...tion-as-explained-by-libertarian-blockquotes/
A lot of his blogs have been taken down by his employer after he got fired for calling a Clinton supporter a scumbag. Which in itself says a lot about property and ownership and power.
 
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Jericholyte2

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My favorite is Capitalism because I can get more money and bigger jobs and more aspirations. I love growth and economies and next day delivery. We should strive for more Capitalism and less of the Donald Trump racism. If we had Socialism you'd still be playing NES and not the latest Call Of Duty, and you would have no car and would have to walk everywhere in the rain.

Capitalism= Champions League, Nando's, two bank accounts, Snapchat, luxury golf courses, Tesla cars, progress and stuff.

Socialism= Jumpers for goal posts, home made soups, going without, penning a letter and having to post it, walks in the park and settling for less.

Why don't you jump on the team and come on in for the big win?
I don’t believe this for a second, individual human ambition would still power technological innovators beyond purely capital benefits. It’s the same reason why doctors, teachers etc would still exist even if in an extreme example everyone got the same pay no matter the job, personal, individual ambition and drive.
 

Jericholyte2

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What?! Currency is one of the most valuable ideas that humans have ever conceived. Do you want to barter everything? We'd still be pretty much a pre-agricultural society.
Had we evolved with this system it would not be viewed as such a simplistic form of trade. Pre-currency there was no such thing as excess. Mankind had what he or she needed at that point because everything that was created had a shelf life. As soon as currency was created the idea of excess came to being. It would become the reason to try to expand your land at the expense of your neighbour to grow bigger crops, not because you needed more food, but so you could make more money. This has then evolved over time and is the cause of such atrocities as imperialism, slavery and the various other forms of economic exploitation.
 

Synco

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Some marxists, whether they be theorists or mere subscribers.
That was my original point.
The desire to be free from occupation or colonial rule is natural. It may not apply to every person with equal fervency, but I'd argue that it's almost innate and that it manifests at particular times.
Under any rule, there were always people who were content with their position, or dispassionate about change for various reasons. If rebellion was natural, they couldn't have existed, or must have had a different nature to other people.
Your inclusion of the organisation of human behaviour around private property, modern statehood and so on, almost implies that these elements aren't much different to the others you listed.
All of what I've cited were political, economic, or cultural aspects of past social orders. What they all have in common is that they were products of complex historic processes* that have neither started out, nor ended with them. None of these social and economic arrangements were ever "natural" and eternal, but they have usually presented themselves to their inhabitants as such. I think you're just falling for that very impression when you describe the social forms of capitalism/modernity as being as natural as the sun and rain.

*(in the sense of a continuum, yes)
 

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I feel like any strict ideology is destined to fail due to a lack of flexibility and the inability to change along with what surrounds it.

The world is too big and globalisation has shown us that you can't expect a majority of its' population to start aligning to the same views, beliefs and culture. I don't think there will ever be a single type of governance that will prevail for the rest of human history, it's all cyclical and that's just part of the volatile human nature, at least in my experience.
 

Ian Reus

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What’s wrong with capitalism? Capitalism “provides better products and innovation through competition, disperses wealth to all productive people, promotes pluralism and decentralization of power, creates strong economic growth and yields productivity and prosperity that greatly benefit society.”

It’s ironic seeing those supporting millionaire players and billionaire owners on a Manchester United football forum decrying the faults of capitalism.
What if that innovation leads to robots being able to do all the jobs we do now for survival? Do we stick with capitalism when all our needs are provided for? Or would socialism work better then?
 

VeevaVee

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As someone who definitely isn't an expert on it, it seems to me the biggest problem with capitalism is that it's out of control, literally. And the way the system works makes it impossible to control it.
 

DoomSlayer

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As someone who definitely isn't an expert on it, it seems to me the biggest problem with capitalism is that it's out of control, literally. And the way the system works makes it impossible to control it.
On the other hand, the socialism that humanity has seen in practice has shown that control becomes too much, to the point it affects a citizen's individual life. And those that are in charge of controlling are left uncontrollable, so it again creates an inequality and we are left with a socialist nomenklatura that works mainly for its' own benefit.

The main problem will always be human nature, in my opinion. Part of the job for a true politician is to find balance between doing what is right and what is needed.
 

VeevaVee

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On the other hand, the socialism that humanity has seen in practice has shown that control becomes too much, to the point it affects a citizen's individual life. And those that are in charge of controlling are left uncontrollable, so it again creates an inequality and we are left with a socialist nomenklatura that works mainly for its' own benefit.

The main problem will always be human nature, in my opinion. Part of the job for a true politician is to find balance between doing what is right and what is needed.
Politicians is where the problem really lies I guess. There don't seem to be many of them that are actually fit to run a country, nor have its best interests at heart.
 

11101

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Capitalism has it's issues. It's beginning to spiral out of control and needs reigning back in again, but let's not forget the centuries of improvements that have resulted from it. Plus, there has so far been no better alternative and I doubt any single ideology will ever work. They all need flexibility and to borrow influences from others, but capitalism looks to be the best base to work from.

Socialism is heralded generally by academics with little grip on reality, ignoring that it's been a complete and absolute failure any time we have ever got anywhere near it, flexible or otherwise. It's clearly not the solution to anything.
 

Carolina Red

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On the other hand, the socialism that humanity has seen in practice has shown that control becomes too much, to the point it affects a citizen's individual life. And those that are in charge of controlling are left uncontrollable, so it again creates an inequality and we are left with a socialist nomenklatura that works mainly for its' own benefit.

The main problem will always be human nature, in my opinion. Part of the job for a true politician is to find balance between doing what is right and what is needed.
This is where some differentiation needs to come in between socialism (an economic system) and authoritarianism (a government system).

You can be an authoritarian capitalist country and have the same issue of the state infringing upon individual rights.
 

Man of Leisure

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What if that innovation leads to robots being able to do all the jobs we do now for survival? Do we stick with capitalism when all our needs are provided for? Or would socialism work better then?
AI, bots, automation are coming regardless. Can’t put that toothpaste back into the tube mate.

I agree that this is gonna be a problem, but the answer can’t be to stop/control innovation.
 

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Capitalism isn't working either, it's just taking longer to fail. Dictatorships are the future. 50 Years from now people will laugh at the idiots who thought the unwashed masses were actually smart enough to make a decision in their own interest.

I for one welcome our new Chinese overlords.
 

Mike Smalling

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Bingo.

There seem to be a lot of people, especially Americans, that confuse a social democracy with pure socialism.
Spot on. Exhibit A:


The amount of lying and misinformation in that 3 minute clip is astounding.
 

SirAF

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Spot on. Exhibit A:


The amount of lying and misinformation in that 3 minute clip is astounding.
fecking Venezuela. I saw a FB post from someone in the US where the person was talking about Cuba and Venezuela :lol: That’s not what Sanders is about!
 

Siorac

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The essential notion behind a free market 'capitalist' society is voluntary exchange and co-operation; whereas the essential notion behind a socialist society is fundamentally - force.
This statement is hidden inside a very long post of yours and it's extremely debatable. The essential notion behind a capitalist society is of property and there is no voluntary exchange when your options are "work for those who have property" or "starve to death". Cooperation doesn't come into it at all: free market capitalism requires competition, not co-operation.

Socialism, in theory, IS about cooperation: it is about shared, public ownership of the means of production. That requires incredibly strong cooperation - which is arguably the theory's downfall. It asks too much of people.
 

DoomSlayer

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This is where some differentiation needs to come in between socialism (an economic system) and authoritarianism (a government system).

You can be an authoritarian capitalist country and have the same issue of the state infringing upon individual rights.
Of course you are totally right in your distinction, in theory. In practice, any type of large scale governance creates elites and groups of people that benefit more from the system.

It's the only way to exert power of governance over the masses when it comes to thousands or millions of people. The only way for true equality to exist is in small communities that can set the rules within easily and all participants are truly happy to abide to them. And I feel like even that isn't foolproofed.

I know you have your own strong feelings on the subject so I'm not looking for a massive debate, just putting my thoughts and experiences out there.
 

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Not pointless - I’ll definitely give these a watch.
Cheers.

While these debates always go in a certain direction for understandable reasons but it's often forgotten how interesting Marxist ideas are regardless if you're on the left or right.
 

nickm

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Every attempt implemented by a dictator?

Socialism has its faults, no doubt, but the current system is out of control and anyone with a brain can see it's doomed to failure. Hard work, ingenuity and creativity should be rewarded 100% And yes, people should be able to advance and better themselves BUT a massive human fault is greed. Greed, resentment, selfishness and arrogance promotes and fuels the system we have today and that system rewards the few at the detriment to the many.

People having billions while others have nothing is not right. It's not acceptable. The USA being wealthy while Africa is poor yet having huge natural resources is not right. Healthcare should be a right for everyone, everywhere. I work an average of 70 hours a week, well over 100 in the Summer, and I'm doing well, yet I still can't afford a house where I was born. Homelessness is on the rise, as is poverty. Food banks are stretched even in places like where I live. The disparity continues to widen and all we see is cuts to public services and the NHS and Police force. People around me are buying up homes and using them as 2nd homes leaving them empty 10 months of the year. That pushes prices up and creates ghost towns.

Capitalism is flawed and it's only going to end in disaster. Resentment towards the haves will grow and the have nots will have to fight, and there's a lot more have nots. Socialism might not be perfect but a balance is required. All flourishing societies work with many socialist ideals and policies imemented. Refuse collection, Police forces, the many branches of military, fire service, health service (in most countries) postalservicices and public transport, energy suppliers, social security, state pensions, care homes.

That's solicialism being implemented where everyone contributes towards taxes to pay for services everyone needs and uses, yet socialism is bad and doesn't work?

It's really simple. You earn more, you pay more. Lots more. A society is judged on the way it treats it's poor, sick and needy and there is no need in this day and age for people to be homeless while some lottery winner is sat in his house In Barbados while he has cottages in Devon and Cornwall sat empty.
Why is the argument always "capitalism" (with the current corporatist, rentier setup being "capitalism") or "socialism"? It's a false choice. You can reform capitalism so it realises a greater set of interests, as has been done in the past and can be done again. You can have a mixed economy, as you note. You are right that the structures and disparities we have now, which are real and dangerous, need to be addressed and urgently. Capitalism is capable of amazing results - look at how it's nearly eliminated poverty in China in two generations - one of the most astonishing results in history.
 

berbatrick

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Why is the argument always "capitalism" (with the current corporatist, rentier setup being "capitalism") or "socialism"? It's a false choice. You can reform capitalism so it realises a greater set of interests, as has been done in the past and can be done again. You can have a mixed economy, as you note. You are right that the structures and disparities we have now, which are real and dangerous, need to be addressed and urgently. Capitalism is capable of amazing results - look at how it's nearly eliminated poverty in China in two generations - one of the most astonishing results in history.

Aggregate measures can be used to tell many stories. India became independent of British colonial rule in 1947 and China threw out foreign influence and the local feudal system in 1949. This is what happened to life expectancy:

In the midst of this, primarily due to its economic system commanding a transition to industrialisation, China had the worst modern famine and also massive political upheaval. Yet that aggregate life expectancy graph looks amazing. For reference, Mao died in 1976, liberalisation started in the 80s. India's own liberalisation happened from the late 80s on, 1991 is the big year.

Same here, for infant mortality in Russia after the 1917 revolution (again, this was a period of a world war till 1918, a civil war till 1925, famine, purges, and mass killings in the 30s, and another world war, the largest death toll for a county in history, from 1941-45):

You'll find the same trend for literacy (especially female literacy), maternal mortality, and many other such indicators.

GDP growth should be the hardest for a planned economy, epecially when comparing against the capitalist standard bearer, and indeed the comparison is not flattering.

But the surprising part for me is the recovery from WW1 and the early 20s civil war and the devastation of WW2, to keep rough parity (The US roughly tripled from 1926 (6400) to 1985 (~24k), while the USSR went up about 4.5-fold (~1400 to ~6400). The sharp drop in the 90s is under capitalism, as is the 2000s partial recovery.

Basically, even flawed and brutal attempts at central planning and rapid industrialisation can produce "astonishing"/"historic" outcomes., simply by directing resources where they're urgently needed, which is much tougher under capitalism.

As I've said before, I don't think a fully planned economy can work. But aggregate measurements can be used to defend and glorify any economic system.
 

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el like any strict ideology is destined to fail due to a lack of flexibility and the inability to change along with what surrounds it.

The world is too big and globalisation has shown us that you can't expect a majority of its' population to start aligning to the same views, beliefs and culture. I don't think there will ever be a single type of governance that will prevail for the rest of human history, it's all cyclical and that's just part of the volatile human nature, at leas
I think this is spot on.

Everything is built atop the fundamental axiom that humans are egoists who are programmed to seek the best deal possible. So when you order social structures around this - whether capitalism, socialism, or whatever else - there will always be imbalances.
 

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Socialism totally sucks. Don't give me the bullshit that it is a great system, but somehow every implementation of it during the entire history of mankind totally sucked and eventually failed.

Capitalism has its faults too, and the current version of it (especially in the US) arguably is not sustainable in the long term. However, it has always adapted when it had an existential crisis, so I think it will adapt again. Will it go a bit to the left, or more in a dictatorship version of it is the question though.
 

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You need a mix of both.

Socialism to look after people. Capitalism to give them rewards for doing well.

Problem is, no matter what system is in place, there'll be greedy people at the top of the pile hoarding everything whilst shifting the blame onto the lowest hanging fruit.
 

Revan

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You need a mix of both.

Socialism to look after people. Capitalism to give them rewards for doing well.

Problem is, no matter what system is in place, there'll be greedy people at the top of the pile hoarding everything whilst shifting the blame onto the lowest hanging fruit.
Capitalist countries like Germany, Sweden, Denmark, Switzerland, etc are doing really well in that aspect. Of course, this has some limitations, and might not be preferable for many (more people move from Germany to the US than the other way around), but a system that rewards the smart and hardworking people, but at the same time doesn't shit on those who don't have those attributes should be the target for every country.
 

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The Soviet Union(And most Marxist Leninist societies)were/are state capitalist, soz. Doesn't mean they didn't to both great and awful things but they were never socialist/communist societies.
 

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Socialism totally sucks. Don't give me the bullshit that it is a great system, but somehow every implementation of it during the entire history of mankind totally sucked and eventually failed.

Capitalism has its faults too, and the current version of it (especially in the US) arguably is not sustainable in the long term. However, it has always adapted when it had an existential crisis, so I think it will adapt again. Will it go a bit to the left, or more in a dictatorship version of it is the question though.
What existential crisis?