Comment on Why College Students Prefer Socialism—and Why They're Wrong

riskable@programming.dev ⁨1⁩ ⁨week⁩ ago

Article from someone who doesn’t know the difference between communism and socialism (which actually doesn’t have a universally accepted definition).

I’d love to hear this guy’s take on how to deal with Baumol’s Cost Disease:

en.wikipedia.org/wiki/Baumol_effect

Capitalism has no solution for it, but socialism does. It’s almost as if capitalism is good for some things and socialism is good for other things! Then there’s democratic socialism which chooses to use both economic systems, choosing the most appropriate one for any given thing.

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