And in certain capitalist societies, the capital decides the laws and allocation of resources.
At least in theory, in a democratic society, government should be elected by the people. Unfortunately there never was a democratic, socialist country, so it's hard to make statements based on observation with these matters.
Depends on your definition of success.If one is Thinking of the long-term viability of the human race then capitalism can only be seen as a disaster if you look at it from a ecological perspective.
Yeah, capitalism is a nightmare.
Capitalism generally happens successfully in societies with laws.
The difference with socialism is the state both defines the laws and decides how to allocate resources, which tends to result in a lot of poverty.
And in certain capitalist societies, the capital decides the laws and allocation of resources.
At least in theory, in a democratic society, government should be elected by the people. Unfortunately there never was a democratic, socialist country, so it's hard to make statements based on observation with these matters.
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Government isn't an outside entity. Government is the people--except in a capitalist country where government is owned by corporations.
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Depends on your definition of success.If one is Thinking of the long-term viability of the human race then capitalism can only be seen as a disaster if you look at it from a ecological perspective.
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