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If you're looking at it purely in terms of nutrition. But taste? Socialism doesn't measure the actual utility given by goods. Capitalism does by virtue of us sp
by acchow 10y ago
If you're looking at it purely in terms of nutrition. But taste? Socialism doesn't measure the actual utility given by goods. Capitalism does by virtue of us spending our money according to what we like.
- dragonwriter 10y agoSocialism measures utility to social decision-makers, and, so, in the case of democratic socialism, weights utility equally across the citizenry, rather by wealth as in capitalism; wealth-weighting not only favors the near-term utility of the wealthy but also entrenches power, since future expectation of power has utility. Of course, non-democratic (either in theory or practice) socialism (or non-socialist central planning) have unequal weighting that has the same kind of issues as wealth-weighting.