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Comment by nickpp

Any system needs a resource allocation algorithm.

In capitalism it is easy and transparent: price, with the side effect of aligning society interests with those of the selfish individual.

Of course the strange and heavily regulated US health-care system is obviously far far away from a free market.

In socialism it's much more random: black markets, lists, lotteries, friends and network of connections. The side effect is that the most productive individuals are discouraged and punished, with the whole society lagging in effect.

Case in point: the EU that started lagging the USA so much in growth that ended up having to beg for basic defense when a blood-thirsty neighbor came hungry for land.

parent nickpp 10 months ago

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