I agree communism didn’t work for China/Russia, China was able to pivot away from that to progress it’s economy to where it is today by a hybrid social/capitalist framework. In some ways, every Western nation has adopted more or less socialism: free education, college financial aid, medical care, healthcare, social security, EV incentives, etc.
I agree, capitalism combined with democracy and the fight to unionize and protect laborers from powerful/greedy business owners took the western world to where it is today. In the East, people weren’t just fighting greedy businessmen, they were fighting Czars and emperors who had much more power. The word of the emperors IS the law, and although communism failed, it was because the Czars and Emperors weren’t investing as much money into education, science and technology to begin with. The lower class had to depend on what they knew best, which was farming & agriculture; this was expected because the lower class living in poverty was most interested in filling their stomachs first, before they’re able to rebuild the economy the people needed to be fed. But even agriculture needed technology to remain competitive, their lack of expertise in science & technology ultimately sealed the communists’ fate, as they were ill-equipped in a modern world. When communism took over, many rose through the ranks from being peasants, who now found themselves as officers. Most lacked basic education, so they made poor administrative decisions. In a democratic state, education is prevalent, which ensures a bright future for generations to come. Can you guess who leads the world in education today? It’s no longer western democratic states, according to a 2018 study, the #1 spot ranked for both math and science belongs to-China.
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Not only that, but the Chinese are also the most literate nation, also ranked #1 for reading. China is longer a country filled with peasants, they’ll get things done and can innovate just as good as anyone today. What they lack, is financial backing from individual investors, this is where their government comes in—Socialism. A strong authoritarian state that invests heavily in its manufacture is considered dangerous to the West. Pound for pound, the Chinese state run businesses will obliterate any individually owned capitalist venture as they have unlimited amounts of money and can operate at a loss for years. Whereas if a capitalist venture was operating at a loss in the West, it’ll be forced out of business as investors pack their bags and leave. This is why the west is terrified of challenging Chinese manufacturing. China isn’t the only socialist country doing this, Canada does the same for certain industries like Lumber, their government subsidizes lumber, so Biden responded by slapping a lumber tariff on Canada, which is why we’re paying so much more for lumber and homes these days. This tariff was first introduced by Trump, which caused a 20% rise in cost:
The U.S. Commerce Department has released a report concluding that the United States must double its tariff on Canadian softwood lumber, raising the figure from 9% to 18%. As reported by Fortune, the increase would seek to combat alleged unfair Canadian trade practices, where lumber production is...
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Going forward, capitalist countries may need to pivot and adopt some form of social welfare and incentivize American industries in order to stay competitive against China, Canada and so many other countries. 100% capitalism will mean we’re ill-equipped to challenge socialism. The world has changed, can we pivot away from the mindset of “socialism” is BAD, socialism is communism? We may not, the feelings/perception against socialism/communism is vastly misunderstood in this.
By the time we get to full automation the world would have to move past capitalism and socialism, the entire planet will need to pivot towards universal basic income