Yes but capitalism is built around there being selfish people

As the greed of one contributes to all of society

If a person creates a billion dollar company they contribute to producing product, and employ thousands

@JesusHand Lol no it doesn't. It's whatevers in one's own self interest as stated by Adam Smith in his wealth of nations. One's self interest cane helping others.

Also no it doesn't. Because a person can just automate machinery and leave workers out of jobs.

GG @Throttles, you just advanced to level 11!

Machinery is more efficient as well

@Throttles Automation doesn’t make every lose their jobs

It just changes the jobs people can work

Those workers are maid redundant because of factor immobility, they lack the skillset of engineering.

@JesusHand

Aren’t you a capitalist

Yeah.

I am.

I'm not an austrian though

I'm a Keynesian

Socialism doesn’t work with corruption in it

Or else it falls apart like in Venezuela

Yeah nothing does work with corruption in it.

@Throttles Socialism breeds corruption when the government controls resources and production

But socialism is when the labourers own the means of production, are the government labourers? @JesusHand

@Throttles Yes but the government is in control of that

So it's not socialism because they still control it

@JesusHand

There is still government leaders taht are in control of the industry

So it's not socialism, because the labourers don't control the means of production.

That just means it's a command economy.

@Throttles There is still a leader of the country

and government officials

Okay, and?

@Throttles Venezuala is failing from corruption of government officials

they have the power of the industries and can put whoever they want in charge of them

Yeah, that's a command economy, not socialism. @JesusHand

so you're saying venzuala isnt socialist

Of course it's not

70% of businesses ran by government

I think

its a failed socialist society

it was the socialist party that got elected

thus proving my point that the government manipulates the people for control

@JesusHand But it's not socialist- just showed you how

https://www.businessinsider.com/us-warn-iraq-access-fed-bank-account-risk-troop-expulsion-2020-1

Interesting how the printing of money gives one so much control...even over countries...

Are you a country?