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by rayiner
2145 days ago
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> This isn't untrue but I think it's a naive approach. If that money was divided between the governments to spend for their citizen's welfare then they could also invest it to benefit their citizens. Especially in the developing world, governments are more likely to piss away money given to them than to invest that money to the benefit of citizens. If governments were good at investing money communism would have worked. There would be no point having companies like Apple develop cell phones if the government could do it just as well without enriching shareholders in the process. We’d just have a government agency in charge of building cell phones and giving them away or selling them to citizens at cost. We don’t have a private sector for funsies. We have it because we recognize that governments aren’t good at investing money and producing results. |
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I don't know which approach is better but I know that both roads contain pretty significant dangers and both contain benefits.
Additionally, I'm not particularly interested in going down a path towards communism - the leninist soviet system was an utter failure but germany and scandinavia seem to be doing pretty alright - in fact, on the topic of cell phones, Nokia started out in Finland which is a pretty heavily socialist country. I think there are a lot of options on the spectrum between 1637s Dutch Capitalism and Leninist Soviets - both extremes result in failure and, IMO, all centrist solutions are constantly being pulled toward the nearer of the extremes and need to actively work to stay from slipping into those dark places.