Why CAPITALISM Is Better Than Socialism #destiny #capitalism #socialism #richardwolff #economics

@Destiny on the advantage of capitalism over other economic systems.

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[BrainRotPolitics]

Pros and cons, pros and cons...



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[noname-buux]

Capitalism sure responded to the crisis of covid real well.

[afgor]

You could fill a library with the names of capitalist countries that were destroyed by capitalism

[nathanbedfordforest]

Maybe the worst take in a very long time. That was crazy.

[ruzgar]

This is what happens when you think that the USA is the only country in the world

[ricardom]

It's kinda like he's advocating for a toxic relationship

[jovialdemonn]

Capitalist countries also don't have a superpower trying to undemocratically dissolve them

[travisbickle]

Yeah he's in right, a crises happens, millions of people lose their jobs, their incomes plummet and the economy recovers until it fails again. It's not a bug it's a feature folks

[thanasis-_-]

Why is no one is talking about how capitalism is making the planet slowly unhabitable?

[JacenSolo]

And how many people are immiserated and economically destroyed by these cycles ? A good system wouldn't have that 'feature' to begin with.

[callumreilly]

"I consider that a feature instead of a negative" bro is on crack. "I consider the emotional highs and lows that my bipolar disorder gives me a feature". Actual insanity

[RoanShip]

Franklin d Roosevelt: uses socialist policies in response to crisis
This guy: and that’s capitalism

[jacobhebert]

Capitalism explicitly refuses to respond to most crises, because solving those crises is not profitable (nevermind how it's necessary to solve them for the average person to be able to live). The boom and bust cycle of capitalism is not a feature, it's a permanent drawback that consistently damages the poorest in a country, who have the least ability to sustain damages.

[diablo]

Tell all the people who lost their homes and jobs in 2008 and then had to bail out the banks and auto industry that the boom-bust cycle is a feature not a bug

[snaddle]

But the reason countries survive busts isn't because the free market regulates itself. It's because in those times the government intervenes with subsidies. The housing bubble was fixed by massive government checks.

[bananaclub]

The reasons the countries survive is not because of the forces of capitalism but rather government intervention and subsidies (socialist policies)

[LittleBean]

Capitalism is responding to the food crisis in underdeveloped countries really well...

[Eldritch_O]

When it comes to his "Where is the USSR" example, he's leaving out foreign interference.

[dmitarobradovic]

It's like saying: " Listen, for a time in my life i become poor, depressed, suicidal i hated my life and i snorted lot's of cocaine but then i became rich and happy and the cycle continuous."
I wouldn't call that a stable life and i would try taking you to a therapist.

[Isaac-ibwp]

People die in these “boom bust” cycles…