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mike · 143w
From a wealth perspective, capitalism is centralised wealth and socialism is distributed wealth, surely?
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StackSats ⚡️ @StackSats
In capitalism wealth is distributed to the most productive, which is how it should be. This mechanism only works properly with sound money. Fiat money destroys this mechanism to the extent that wealth is mainly distributed to those close to the money printer.

In socialism wealth is distributed to based on what governments thinks is best, which is mostly a very bad allocation.
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mike · 143w
For arguments sake: Do you think that Tim Cook was 884 times more productive than an Apple employee on $100K ? From the socialist viewpoint, inefficiencies and corruption agreed, you don’t think attempting to give everybody a basic standard of living is desirable?
Tha Brainer · 143w
this are just theory, in practical terms, capitalism is just fascism in disguise. When times become harder, like now, the fascist soul of capitalism emerges