The important point is that people are compassionate and they will be, they do not need to be told to. Socialism is a system that does not trust people to be compassionate. However, if you remove the profit incentive from society, you will remove a substantial amount of the incentive to innovate and advance the world. It is no coincidence that the period of massive charitable giving in the US was during the period of rampant capitalism.
Communism can last a long time and there may be examples eventually that show that it is sustainable but what is certain is that it will underperform capitalism in nearly every respect.
The important point is that people are compassionate and they will be, they do not need to be told to. Socialism is a system that does not trust people to be compassionate. However, if you remove the profit incentive from society, you will remove a substantial amount of the incentive to innovate and advance the world. It is no coincidence that the period of massive charitable giving in the US was during the period of rampant capitalism.
Communism can last a long time and there may be examples eventually that show that it is sustainable but what is certain is that it will underperform capitalism in nearly every respect.