Post
Topic
Board Economics
Re: Socialism vs Capitalism Meme Review
by
mu_enrico
on 14/05/2020, 21:22:39 UTC
People who ask for socialism feel that they are treated unfair from the governments so they ask for getting more money. In some capitalism countries, governments transfer money from the poor levels to the richer levels through taxation.
This is why there are still people who search for socialism, they want to tackle this unfair situation.
Well, if you don't like the government, why give them more power? If socialism, according to the Oxford dictionary: "advocates that the means of production, distribution, and exchange should be owned or regulated by the community," then government --which is the representation of the community-- will own and regulates everything.

As we know that the central planner is not efficient and cannot predict what and how much people want or need, then obviously everyone will be more miserable. Hence, if the problem is the corrupt government, you reform them, but don't change the economic system. Imagine what corrupt government can do in a socialist system.

And yes, according to the same dictionary, socialism is the "transitional social state between the overthrow of capitalism and the realization of Communism."

#NorthKorea #Venezuela
https://www.lexico.com/en/definition/socialism