Author Topic: Socialism vs. Capitalism  (Read 635 times)

Offline josttyson

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Socialism vs. Capitalism
« on: February 25, 2021, 01:56:07 AM »
Why are capitalist countries richer than socialist ones?

Offline CraigStern

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Re: Socialism vs. Capitalism
« Reply #1 on: February 25, 2021, 11:42:30 AM »
That's a complicated question to answer! First, you'd have to define your terms: what is a socialist country? Are we counting social democracies, or only communist countries? And what do we mean by "richer"? Higher GDP? Higher per capita GDP? PPP?

Pretty much no matter which way you slice it, though, communist China is rich as hell--by some metrics, the richest on earth. So you might be working from a faulty premise there. Perhaps a better question to ask is, "what ways of organizing society produce the greatest wealth, and for whom?"

Offline Ertxiem

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Re: Socialism vs. Capitalism
« Reply #2 on: February 26, 2021, 04:19:39 AM »
Adding to this discussion, I would like to point out that the natural resources of each country also play a role in determining each country's "level of richness". And note that what constitutes a "good" natural resource changes over time, e. g., a couple of centuries ago, oil was not as valuable as today, or during the Roman empire salt was quite expensive so much that it was used as payment (and it's the root of the word salary).

Moreover, there are also distinct types of capitalism, with different styles of state involvement.

As in everything in life, I believe that the optimum point lies between Socialism and Capitalism.
Ert, the Dead Cow.
With 2 small Mandelbrot sets as the spots.