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re: Economists use beer as measure to document failures of socialism
Posted on 8/1/19 at 9:39 am to BugAC
Posted on 8/1/19 at 9:39 am to BugAC
The market is smarter than any of us. That's the genius of capitalism.
In a capitalistic system (even those with malevolent actors, monopolies, trusts, etc), one does well, generally, being of service to others.
In a Socialist/Communist system, one does well by sucking up and being of value to the authorities.
Of the two, one is clearly freer and far more of a meritocracy than the other, which is the antithesis of a meritocracy. It is, at a minimum, corrupting by nature and, typically, utterly corrupt.
In a capitalistic system (even those with malevolent actors, monopolies, trusts, etc), one does well, generally, being of service to others.
In a Socialist/Communist system, one does well by sucking up and being of value to the authorities.
Of the two, one is clearly freer and far more of a meritocracy than the other, which is the antithesis of a meritocracy. It is, at a minimum, corrupting by nature and, typically, utterly corrupt.
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