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Resource allocation is at the base of all our problems. And capitalism has been the best solution so far.
by rtx 9y ago
Resource allocation is at the base of all our problems. And capitalism has been the best solution so far.
- rtpg 9y agoextremely debatable. In the US, almost no national infrastructure was built through private means (though often privatised later). Private healthcare has been a disaster at maintaining a healthy public. An insistence on having government work happen through public contractors has generated massive conflicts of interests and made us end up with the most expensive infrastructure building process in the world. Just because the Soviet Union fell over doesn't mean that capitalism has somehow been proven to be "the best solution".
- gozur88 9y agoI don't know a good label for the US healthcare system, but it's so heavily regulated it's impossible to call it "private". >Just because the Soviet Union fell over doesn't mean that capitalism has somehow been proven to be "the best solution". Name one country implemented socialism (and by that I mean the government owns the means of production) and didn't end up worse off than when it started. Even the Northern European welfare states are capitalist.
- pharrington 9y agoChina.
- gozur88 9y agoNot even close. 40 million people starved to death under the communists.
- pharrington 9y agoYou asked to name a country that ended up worse. Since we are not at the end of history, the only consistent way to interpret "ended up" is "in its state as of the time of this statement." edit: My above interpretation isn't quite right. It should be "its state as of the latest known point in time the predicate was true."
- gozur88 9y agoBut China abandoned socialism in the '70s. It's only been since then the country started to turn it around.
- pharrington 9y agoIt's at least been the best solution to creating value from resources.