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You dropped the “unregulated”.
Socialism is still capitalism. It’s just regulated and we use taxes to fund social programs.
And the second sentence is more caused by not taxing stock trades. If we had a tax that decreases the longer a stock is held, it would prioritize long term investment and companies would care about more than the next months earnings.
All shit that can be solved with common sense regulations.
I’m not aware of any common sense regulations that take precedence over corporate profits, but keep up the good fight I guess.
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If we had a tax that decreases the longer a stock is held, it would prioritize long term investment and companies would care about more than the next months earnings.
Did you miss that?
I know starting a new paragraph for each sentence helps more people understand because they tend to skip paragraphs, but my comment was only 6 sentences
I figured two sentences a paragraph wasn’t too much.
I didn’t miss it.
You misunderstood my comment. These regulations you’re talking about either don’t exist or they are ineffective, because we are suffering the greatest economic inequality in history while corporate profits are at an all time high.
But good luck, I hope you become super rich doing business so you don’t have to suffer with the rest of humanity. Have fun buying clean water tokens in a couple decades!
Socialism is still capitalism. It’s just regulated and we use taxes to fund social programs.
Tell me you don’t know the definition of socialism without telling me you don’t know the definition of socialism.
While Socialism may not be against Free Markets, Capitalism /= Socialism.
Socialism is when the workers collectively own the means of production.
So like in a factory, everyone employed there also has ownership stake in the company, and they can vote on leadership internally. Instead of relying on government regulations to be able to have things like paid lunches and guaranteed sick days, instead they can come to collective agreement on those things, with the vote of every worker/owner. They can still sell products on a free market, but the “capital” part of the equation has been removed.
In capitalism, in a factory, the factory has been purchased by a Capitalist who, by definition, is someone with a lot of Capital (money/wealth) and they bought the factory whole with the capital. Now, they are going to hire workers with the capital as well, and the workers have to follow any and all their rules, like a little fiefdom of a dictatorship and nobody gets an opportunity to vote on leadership. They have no control over pay, working conditions, or much else, and they rely on the Government to enforce it otherwise.
Socialism really doesn’t have anything to do with government regulation, taxation, or social safety nets.
So like in a factory, everyone employed there also has ownership stake in the company,
Nope.
That’s not socialism.
In socialism there’s still private ownership of companies.
Maybe you’re specifically thinking of Communist Russia which allowed for small businesses to have private ownership, or perhaps you’re thinking of Anarcho-Communism?
But the reality is, private ownership is the antithesis of collective ownership, so most socialists aren’t really on board with that.
Via Wikipedia, which makes the point numerous times, with a plethora of scholarly references:
https://en.wikipedia.org/wiki/Socialism
Socialists view private property relations as limiting the potential of productive forces in the economy. According to socialists, private property becomes obsolete when it concentrates into centralised, socialised institutions based on private appropriation of revenue—but based on cooperative work and internal planning in allocation of inputs—until the role of the capitalist becomes redundant. With no need for capital accumulation and a class of owners, private property in the means of production is perceived as being an outdated form of economic organisation that should be replaced by a free association of individuals based on public or common ownership of these socialised assets. Private ownership imposes constraints on planning, leading to uncoordinated economic decisions that result in business fluctuations, unemployment and a tremendous waste of material resources during crisis of overproduction.
But don’t worry, I fully expect a response that keeps arguing the same thing with no evidence to support it. That’s what I usually get here, it’s like the world has become illiterate.
Why do all the accounts with “commie” in the name have no idea about any economic systems?
I don’t think any of them actually support communism either, it’s just weird I block so many and they always keep showing up
