> I don't want the same thing, so I guess something has to mediate the resource allocation and effort of society towards providing that want/need at a certain quality/price.. and guess how we do that?
This. Freedom of choice is the simplest way to describe the advantage of capitalism (free markets) over socialism. Obviously, markets don't solve everything, but the US certainly is not some anarcho-capitalist's libertarian fantasy.
I guess the lived memory of socialism's failures has passed and experience is the best teacher.
This. Freedom of choice is the simplest way to describe the advantage of capitalism (free markets) over socialism. Obviously, markets don't solve everything, but the US certainly is not some anarcho-capitalist's libertarian fantasy.
I guess the lived memory of socialism's failures has passed and experience is the best teacher.