Capitalism and socialism both aim to improve living conditions and society as a whole, but they differ significantly in how they seek to achieve this. In this video, we’ll break down the theories behind each system and examine real-world data to uncover which approach delivers the best results in terms of wealth creation, happiness, and equality.
True capitalism has never been tried
ThirdEyeSlime@lemmy.world 4 weeks ago
Was this video produced by PragerU or something? Video is clearly slanted hard in favor of Capitalism. The way it portrays Socialism is not how any modern Socialists would want it implemented either. When the State begins owning and directing capital I think that’s closer to Communism. Where private ownership disappears. I’m in favor of Democratic Socialism, which keeps private companies in tact, but ownership and the profits flow towards the workers of that company, since they are owners. Problem with Capitalism is that all profits flow upwards and are not equitably shared with workers. When you have companies like Walmart that teach their employees how to apply for food stamps, but Walmart owners are in the billionaire class, that is the government subsidizing the 1%. They have the money to fairly compensate the working class for their efforts but chose not to. Fuck them. Voting Socialist every chance I get.