Once a society reaches a certain level of prosperity and people have some disposable income, it’s better to have a system that allows people to choose to do what they want with that income. Socialism fails at that point.
Just to be clear capitalism and markets aren’t equivocal. Market socialism is a thing.
Socialism is a really big umbrella term… similar to “democracy” there are a bunch of different ways to actually apply it. State socialism is only one scheme for it/
darthelmet@lemmy.world 1 week ago
There were famines before the Soviet Union. That’s kind of how things worked before modern industrial agriculture.
As for Korea… just think about it for 30 seconds… I’ll give you time…
…ok: South Korea was allied with the US, which helped rebuild it and became a trading partner. North Korea is an enemy of the US and has spent it’s entire existence being blockaded and provoked by the world’s largest superpower. Gee, why might they have had different economic outcomes?
As for the central planning point: idk. That’s something to figure out. It’s not even really the important part of socialism/communism. The important part is making sure the state can’t be taken over by a ruling class. Capitalism absolutely can’t keep capitalists from taking over the state. Whatever we should do, we don’t get to choose until we get the government in the hands of the people.