Which One Do You Prefer, A Socialist Or Capitalist Economy?

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Neither. Your question is akin to asking which type of drink is better than water to consume all day, Sprite or Cola? Are those our only options?

Socialism is a symptom (not a system) omnipresent in our oligarchic version of capitalism (examples abound). Our implementation of capitalism fails because it is not subjugated to the kinds of freedom that would otherwise quickly erode any impending oligarchy. And to loosely quote Margaret Thatcher, socialism cannot exist without capitalism to pay for it.

Back to soda, excessive amounts of sugar are not suitable for you. Neither is the promulgation of any system that violates a relativity theory of freedom (to each his own).

“A free people [claim] their rights as derived from the laws of nature, and not as the gift of their chief magistrate.” — Thomas Jefferson

Both “systems” of capitalism and socialism violate the relativity of freedom assigned to us by the laws of nature and thus are false proxies of our ability to expand the fringe of human ingenuity continually—an ingenuity otherwise designed and paired to meet our evolving equilibrium with nature.

 

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Georges van Hoegaerden
Georges van Hoegaerdenhttps://www.method41.com/georges
Georges is the Founder and Managing Director of method41. From analyzing the workings of policy, capital, and innovation, Georges noticed how these siloed constructs are woefully incompatible with the principles nature deploys to produce regenerative performance. With humanity stuck in a fabric of its own making, Georges set out to reinvent the operating-systems of humanity to fix the theory that determines what humanity can discover, aiming to fundamentally improve human adaptability to nature's entropy.
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