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Can you elaborate a bit on why you believe free market capitalism is good?
Why do you believe that socialism and capitalism is good, and communism is bad?
Your argument at least partially rests on the logical fallacy of equating age with wisdom and good opinions. Instead of arguments covering pros and cons.
I am skeptical of capitalism as a sustainable system, but see advantages such as allowing demand dictate production. The people "vote" for increased production of a given commodity by buying it, and "vote" for decreased by not. Advertisements manipulates the "vote", which is why I am skeptical of advertisements, and believe it should probably be banned.
Planning consumption in society is a really hard task, but can potentially work if there is a way to effectively detect real demand. This is a real challenge, because in capitalism it "hurts" when you buy something. You have to weigh your options and consider if it is worth the money. I don't think this is impossible, but I don't know how.
Allowing the workers and state to own the means of production, that is more obvious. But also has the challenge of predicting future demand in both a local and a global market. If we have free markets for goods and services, we can determine demand with more accuracy and then decide to produce or increase production of a good or service.
In other words the people should have money to buy goods, but their workplace should be owned by themselves or the state. This is socialism if I understand correctly?
Just gonna start with a warning, I’m a LIBERAL, but stick with me 😂. This is gonna be kind of long, but I hope you understand.
There’s 3 main types of political paths in this world. Communism, Socialism and Capitalism. Just to keep it straight forward, I’ll just rank all 3 right now.
Since your comment primarily focuses on economics, here we go.
Socialism, think the UK, Canada, Sweden (for the most parts). Is pretty much when the government will do its best to make sure basic needs and inequality is met. Healthcare, College Disaster Relief (FEMA, also explains why trump wants to get rid of it, will elaborate later). These essentials are funded through taxes, usually high taxes. But still allow for the private sector to make their own alternatives (FREE MARKET). However, Socialist Countries also recognize the economic importance of free market capitalism, NOT CRONY CAPITALISM. Free Markets emphasize competition with minimal support from the government, but HIGH regulation from the government to ensure the Demand Side (Us, the consumers) have the advantage over the Supply Side (Businesses). This challenges the Supply Side harder than the Consumer Side, as it should be. Meaning businesses will have to compete harder for our money.
Capitalism, think the United States, India and Russia, YES RUSSIA. I’m assuming by capitalism, you mean crony capitalism, which I hate. These countries have elements/illusions of free markets, but are dominated by the private sector. Crony Capitalism is when the government lacks regulations to keep the Demand Side in the advantage over the supply side. This is mainly done through government contracts, subsidies and soft regulatory systems. Think Elon giving Space X a new big budget government contract, WHILE HES IN THE FUCKING GOVERNMENT! Think bank bailouts. Think Trump gutting the CFPB, where Biden had used that agency to heavily regulate business and stop monopolies. Why do you think so many CEOs are cozying up to trump, they know he’s a crony capitalist and that’s where the money is at. Similar with India and Russia. This form of capitalism disgust me and limits competition in the free market. Giving the Supply Side less incentive to compete for our money and price gouge us.
Communism, I ranked last, because it is a truly awful system is the modern day, maybe in the era of feudalism, but today it’s just not good. Think Cuba, North Korea and elements of China. Pretty much everything is ran by the government, and I mean EVERYTHING.
Home Ownership - Government Start a Business? - Government Schools - Government Restaurants - Government Wanna Use an App Like This? - Government
Modern Day communism is fucking dystopian. Especially with current technology and being able to spy on citizens. I see a lot of “comrades” praise communism because it gives Universal Healthcare, dude, EVERYTHING is universal. And with lack of taxation and free markets to fund everything, that healthcare is not the best. Communism sets to make everyone economically equal, which sounds great on paper, but we live in reality. If I make a great invention in Cuba, I cannot sell my product for personal gain, I have to give it over to the government, because I must remain in the system. Even a Crony Capitalist system will let me do this. Going to college and getting an education in a communist country is pointless due to a lack of incentives. It’s like playing an open world game with no missions, just exploration. I know we’re focusing on economics, but I can’t talk about communism without bringing up social issues. Individual freedoms are tied to the government’s ideology in communist countries and cannot be challenged. None of the countries I’ve listed for this allow gay marriage except Cuba, which only legalized it a couple years ago, but it isn’t perfect. Same goes for racial or religious differences. Sounds a lot similar to what Trump is doing to desensitize minorities. Cuba is probably the most progressive communist country out there though. Trust me, you DONT want to live in a communist society.
Overall, to keep it short and simple.
Socialism/Free Market Capitalism = Good (The Gold Standard for a country.
Capitalism/Crony Capitalism = Bad (But can be worked within)
Communism/No Capitalism = Bad (Dystopian)
There’s so much to talk about this. But I have no idea why so many people on this sub call themselves “comrades” and support communism.