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> Capitalism is not the perfect system, it's better than the alternatives This is really not generally true. I would gladly take socialism in the Czechoslovaki
by js8 11y ago
> Capitalism is not the perfect system, it's better than the alternatives
This is really not generally true. I would gladly take socialism in the Czechoslovakia over capitalism in some third world country (say Pinochet's Chile). Capitalism worked very well in the West after the WWII, but that system had strong elements of socialism, too. But it's important to realize that for many third world countries, capitalism was not a success.
On the other hand, what was generally successful was democratic governance (maybe with exception of India and China). This is often conflated with (real world) capitalism (and dictatorship with socialism). But they really are pretty much orthogonal ideological axes.
- kamaal 11y agoI general anything works fine as long you are the monopoly. If every country in the world would be a capitalist nation, then it will be back to the same donkey slogging for everybody. >>On the other hand, what was generally successful was democratic governance (maybe with exception of India and China). As an Indian, Let me tell you. It is actually quite successful in India. Issues in India have more to do social-cultural set up of the society than anything else. You don't change these sort of things with change in governance and economic systems. Free market/Communism/Socialism aren't panacea. One needs to stop looking them as hammers and all problems as nails.