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This post was edited by ztoa789 at 2014-7-29 07:21|
roninxian Post time: 2014-7-29 00:16
I am so happy I took a class in college called "Lying with Statistics". It pointed out how simple s ...
Whethere a system is capitalism or socialism depends on how much capital is under government's control.
In China, most dominating economic sectors, like banking, natural resources, military are under government's control, Therefore China is a socialist country no matter how China looks like a capitalist country in shopping malls.
US, on the other hand, is still a capitalist country even government hires 50% of working force, because banks and natural resources are privately owned.
So under socialism, people are entitled to wealth generated by huge pool of capital. but there is risk: the capital belongs to people, but people don't have direct control of the capital, just like putting your money in a mutual fund, you take the risk of losing all the money. Under capitalism, people are not even entitled to the wealth generated from capital, because they don't have the right to fight for the vast amount of wealth, they have more freedom to do anything else, under the guidance of media owned by the super rich.
In countries with lot of poor people, capitalism is not the way to help poor people, though fair on paper. It is simple math, lot of poor people need lot of wealth to help them (teach them fishing, not give them a fish), therefore, you can't allow few capitalists to control capital and economy for their own best interests if you try to help the poor. To help the poor, capital must work for people, therefore socialism is the ONLY POSSIBLE way, because poor people are entitled to the wealth generated by capital.