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re: What is your definition of socialism? And why or why not is it an effective system?
Posted on 1/16/21 at 7:22 pm to PacMan01
Posted on 1/16/21 at 7:22 pm to PacMan01
There’s no system of checks and balances in socialism. It may start with good intentions, but eventually people in charge are going to put themselves first. You need to keep people honest by creating a system where service providers have to compete against each other, which drives innovation. The consumer will never win when the only provider for any given service is the government.
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Posted on 1/16/21 at 8:26 pm to jrodLSUke
Checks and balances. I think it can be applied to socialism and this should apply to every form of government. Even capitalism. The monopolies we have today in the US is not good for the consumer. Net neutrality for instance is an example of checks and balances against something that dilutes innovation. Yet, a lot of times when checks and balances are sought to be put in place, people call doing so ‘socialism’. So I ask, can checks and balances being installed in a capitalist society without being socialist in nature?
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