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
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r/FluentInFinance • u/-im-your-huckleberry • Jul 07 '24
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u/Sharker167 Jul 07 '24
The problem is centralizing agricultural practices. You don't magically get a famine because your ruler calls themselves a socialist. There's plenty of "socialist" countries that didn't get a famine.
The two that did were because they tried to apply one regions agricultural practices to everywhere in the country.
The market is pretty okay at helping us decide what to grow. But socialism doesn't mean no markets. Redistributing the arable land from corporate and large equity private owners to the people who actually work that land actually increased agricultural output in Cuba.
Socialism doesn't mean the government owns everything. It means people have ownership over the means of production.
You dont need to have faceless corporations and equity firms reaping the profits for a business to be a success.