Post
Topic
Board Economics
Re: How Capitalism defeated socialism?
by
davis196
on 24/04/2022, 06:11:01 UTC
The verdict is in, and contrary to what socialists say, capitalism, with all its warts, is the preferred economic system to bring the masses out of poverty and to make them productive citizens in our country and in countries around the world. Remember this: Capitalism rewards merit, socialism rewards mediocrity. I mean, socialism talking about equality but it is just a beautiful lie , and capitalism is an ugly truth !

I don't know what do you mean by "socialism".Many European countries are "welfare states" and they have many "socialist" elements embedded in their social security systems.
If you are talking about the socialism in Venezuela,Cuba,North Korea and the former USSR,this is more like communism,rather than socialism.
Capitalism is all about protecting the private property and the free market.Communism is about state property and a government-controlled command economy with almost no free markets.
Many socialist countries respect the private property and they have free markets,so I guess that you are oversimplifying a little bit.
The debate about "socialism" vs. capitalism has ended years ago.Capitalism can also be really bad,many capitalist countries are very poor and they can't get out of poverty,even though they are capitalist.