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> People in US clamoring for leftist populism should take deep look at Venezuela. All things in balance. Capitalism is not inherently good, nor is socialism in
by exelius 11y ago
> People in US clamoring for leftist populism should take deep look at Venezuela.
All things in balance. Capitalism is not inherently good, nor is socialism inherently bad. You've got to balance the two: there are certain markets (namely anything around health care or essential needs) where profit creates a perverse incentive.
The US is also starting from a much better place than Venezuela did: our economy is far more diverse, so market changes don't affect us as strongly. The US could do with being a bit more socialist in some ways, but we can also afford it.