SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (150847)9/3/2002 5:49:46 PM
From: TimF  Read Replies (1) of 1586291
 
Another perspective on the issue by Christopher Hodgkin

"One thing you didn't mention is that perhaps the reason capitalism is more successful than socalism is that self-interest is a more powerful motivator than altruism.

Also, that generally in capitalistic societies, those who are asked to pay the cost are generally those who are most likely to benefit from the system (those with jobs, high incomes, stock portfolios, etc.) so they are willing to pay to keep the system going, while in socialism those who pay the costs and those who benefit are most often different groups, and those with money are less interested in paying year after year for the benefit of other people.

But what is perhaps most interesting is that socialism tends to work better than capitalism in small groups. Families, extended families, small tribes, have generally run fine as quite socialistic systems. It's as the group gets larger and the distance between the providers and the beneficiaries widens that socialism loses its appeal. "

Message 17937947
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News