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Feral Finster's avatar

I would say that any political or economic system, capitalism, socialism, whatever. can be made to work tolerably well, if and to the extent that it is run by non-sociopaths.

The problem is that power is to sociopaths what catnip is to cats. The very people who will do anything to get power are precisely the people who should not have it.

This is why, after some 5,000 years of recorded history, there are no clear answers as to "what works?". just experiments that flourish for a time and then fail as the sociopaths take over and corrupt everything.

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Robert Billyard's avatar

China and the US have the world's largest corporations. In China the corporations are under government control to serve the state's priorities. In the US it is the opposite-- government is the lackey of the corporations serving its capitalist greed up to and including global warfare.

China's control over its corporations has been a key element in its "economic miracle" Another major factor is that it set up its own strategies for economic recovery rejecting those of the West, at the same time having a clear understanding of the savagery of the Western capitalist system.

Capitalism is surely a scam and utterly socially destructive when it only serves the gluttony of a small self -serving fascist elite.

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