4 ms·

Idea was good. Socialism works quite well at critical times. Just in case: pretty much each country, including US, handles COVID problem in typical socialistic

• int_19h 5y ago
  Funny thing about Stalin's "socialism": he actually reverted high school to being a paid extra, not free and universal.
• 988747 5y ago
  Socialism is a perfect system. I mean: socialism is probably the system that God uses to rule his Angels in Heaven. It has only one tiny flaw: in order to work it requires the society to be perfect as well, and most importantly completely selfless. But for less than perfect societies capitalism works better, because it can turn people's flaws (i.e.: greed, ambition) for the common good.
  • imtringued 5y ago
    Yes, I agree. Consider the greatest flaw in capitalism: Greedy people want greedy money for greedy people. The problem with greedy money is that it turns everyone into a greedy person. Similar dynamics exist for housing. People clearly want a gold style asset that they can greedily hold onto. The problem is that this greed gets in the way of the utility of the asset. Money exists as a medium of exchange (i.e. a means to repay debt) and real estate exists to house people. It's funny how Bitcoin was created as a response to 2008 but all it merely did is replicate the flaws of conventional fiat currencies that lead to 2008 in a much shorter time span. All it shows is that the demand for greedy money is unstoppable.