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Strategies & Market Trends : US Inflation and What To Do About It
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To: ggersh who wrote (874)3/14/2019 11:32:16 AM
From: RetiredNow   of 1504
 
That is true. Corruption happens everywhere, but corruption happens by design under Socialist systems. Quite literally, you have to force some people to do things they don't want to do in a Socialist system, whereas, in Capitalist systems, people engage because they are free to do so. Socialism fundamentally believes that a small group of people at the top can make better decisions than everyone can for themselves. Capitalism assumes people make decisions in their own best interest and everyone working together will reach the best outcomes. Centralization is always more fragile and results in bad outcomes. Decentralization is robust and leads to better outcomes.

One other difference is the simplest of all reasons for why Socialism is inferior. It always has poorer outcomes for people in the long run. Governments just are terrible at managing things to drive good consumer outcomes at declining prices. Capitalism works better because companies and people have an incentive, the profit incentive, to please customers and to drive costs down to compete effectively. So Capitalism represents a win-win-win. Socialism represents a win-lose. In the short run, some win, some lose. In the long run, everyone loses.
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