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If we lived in USSR, economy would be driven by the central planners. In capitalism, economy is driven by decisions at every level to allocate funding. Those wh
by laurent92 6y ago
If we lived in USSR, economy would be driven by the central planners. In capitalism, economy is driven by decisions at every level to allocate funding. Those who forecast the future best are the ones who get rich, because it allows the right companies to receive funding. Our economy wouldn’t be so big if it were organized by central planners, so I pardon those, although it does seem extreme here.
- fredguth 6y agoThe comparison with USSR is naive. The question is not capitalism vs communism. Is the kind of capitalism we have. We have one where when the banks and people make bad decisions and get bankrupted with valueless contracts, the government save the banks, and the corporations and let common people go bankrupt.
- bostik 6y agoSometimes aptly called Socialist Capitalism.