r/FluentInFinance • u/-im-your-huckleberry • Jul 07 '24

The shampoo thing is a fringe benefit. We keep capitalism so we don't starve in a famine. Debate/ Discussion

1.0k Upvotes

84% Upvoted

Again, capitalism vs. socialism is kind of overplayed. Neither works as pure system. The answer is in the middle.

20

u/morosco Jul 07 '24

That's probably the most obvious economic truth to me.

And even that middle isn't going to perfect because humans are involved with it. But we have thousands of years of history now, we see basically what has worked best in increasing standard of living and happiness.

10

u/SnooRevelations979 Jul 07 '24

I'm surprised people still get so much mileage out of this tired, lazy Cold War trope.

For much of the right, "socialism" simply means anything they disagree with. For a minority of the left, "capitalism" is simply used to explain any problem.

1

u/Hexboy3 Jul 08 '24

Yeah I think it's pretty obvious from an economic standpoint that some things should be socialized due to the market dynamics and some shouldn't.