Comment by jmyeet
2 years ago
> I'm pretty sure your economic terms are not what the consensus of professionally trained economists would say.
It's an oversimplification to highlight the main point: workers' relationship to the means of production. In capitalism, capital owners own the means of production. In socialism, the workers own the means of production.
IME most Americans not only don't know what socialism is (despite being opposed to it), they don't know what capitalism is either (despite supporting it).
> Now, our current implementation of Capitalism is clearly wreaking havoc on our environment.
It's doing an awful lot more than that. It's pillaging the Global South. It's impoverishing us under the massive weight of housing, medical and student debt. And it's quite literally killing people. People decry the failures of the USSR, for example, but 9 million people die of starvation every year. Why isn't this attributed as a failure of capitalism in the same way?
Because the failures of the USSR occurred entirely within the USSR's borders, under its jurisdiction, and were entirely within its power to resolve. Meanwhile, the 9 million deaths of starvation you cite are across multiple countries with multiple overlapping legal regimes and are multi-causal, from corruption to war and failed states like Haiti and Syria.
This isn't the ringing endorsement of global capitalism that you think it is