Post
Topic
Board Economics
Re: Could Bitcoin Smash Socialism in Venezuela?
by
jaysabi
on 28/02/2021, 06:25:33 UTC
Socialism means taking away wealth from the successful people (the so called "rich") and distributing it among the so called "poor". All the businesses will be owned by the state and the regime will decide when you should eat, when you take a dump and when and whom you should marry. Socialism can't be implemented by democratic means and that's why we have authoritarian regimes such as the ones in Cuba and North Korea. Those who support socialism are always people who have no experience of living in a socialist country. Ask someone in Cuba or North Korea their opinion about socialism and you will be much surprised.
I haven't seen any capitalism that successfully helped the poor people, they help the rich for sure but they always fail and starve and kill all their poor people, look at USA, look at UK, people starve and freeze to death there, look at Norway, they do not have that. All things you have listed about socialism are fake propaganda that could be proven otherwise very very very easily.

You're focusing on the fact that capitalism doesn't eliminate all poverty and ignoring the fact that capitalism far and away has done more to eliminate poverty than any other economic system in the history of the world. Furthermore, the Scandinavian countries you referred to have strong social safety nets that are made possible by healthy capitalist systems and high taxes.  The tax system couldn't be supported if not for the largely capitalist underpinnings of the economy.  I think the US would be better off overall under such a system, but that doesn't mean that capitalism in the US is a failure of a system.