The Extremist Cult of Capitalism.

[MadHound]

25. LOL!

"Under capitalism at least the individual has the right to ownership"

Do you own your house? No, you don't, not if you have a mortgage, the bank owns it. Even if your house is paid off, it can still be seized by the government for any number of reasons, failure to pay taxes, eminent domain, or having a few dope seeds lying around inconveniently.

In fact just about anything you "own" can be seized under the right circumstances, and sometimes no circumstances at all.

As far as which is better, that depends upon what form of capitalism or socialism that you're talking about. Capitalism, as we knew it forty-seventy years ago, actually worked well, because it was heavily regulated, and we had a strong social safety net in place to assist those who got hammered by the system. However today's capitalism is an entirely different animal. Poorly regulated, predatory, and frankly it has bought the government. Our social safety net is being shredded before our eyes, and those who can't make it out there are left to fend for themselves, or die.

Socialism has, and can work. Don't look at Cuba(though I actually think that it would have worked much better if the US hadn't made a concerted effort to destroy Cuba economically), but rather at Native Americans. They lived a pretty ideal socialist lifestyle, where virtually everything was owned in common. Granted, the kicker is how to scale that up from a tribal society to a much larger national society, but there it is.

But hey, thanks for being so very condescending, giving me definitions and everything like I'm some sort of sixth grader. For your information, I know quite a bit more about economics, socialism and capitalism than your trite little definitions, and probably more than you do in general. But hey, it makes you feel so very superior to be so very condescending, doesn't it.