Capitalism vs. Socialism - Make your argument here.

[af_newbie]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.   

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

[BADecker]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.   

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

Who paid the guys who set up the Constitution and worked at getting it and the Bill of Rights ratified? Nobody. They did it voluntarily. Why? Because they wanted a voluntary form of government.

But some criminals have worked their way into the voluntary government, and tricked the people into thinking that they owe taxes, and that government can't work through voluntary giving or through purchasing what you want from government, just like you purchase things at Walmart.

[tarball]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.   

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

You misunderstand me. I was not advocating of removing the tax system. I was merely point out the fact that tax loopholes only exist because a tax system exists in the first place.

However, before the 16th amendment was created, how do you think the government made money? Not through taxes, but mostly free trade. There are alternatives to taxes.

[af_newbie]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.    

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

You misunderstand me. I was not advocating of removing the tax system. I was merely point out the fact that tax loopholes only exist because a tax system exists in the first place.

However, before the 16th amendment was created, how do you think the government made money? Not through taxes, but mostly free trade. There are alternatives to taxes.

I misunderstood, I thought you wanted to remove the tax system.  

Today, the government needs taxes and lots of them.  The debt interest payments increase every year, not to mention spending and the size of the government.  You know, building border walls, fighting wars that cannot be won, spending money on immigrants etc.

There is no way the government can survive without taxes.  They barely survive with them.

[tarball]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.    

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

You misunderstand me. I was not advocating of removing the tax system. I was merely point out the fact that tax loopholes only exist because a tax system exists in the first place.

However, before the 16th amendment was created, how do you think the government made money? Not through taxes, but mostly free trade. There are alternatives to taxes.

I misunderstood, I thought you wanted to remove the tax system.  

Today, the government needs taxes and lots of them.  The debt interest payments increase every year, not to mention spending and the size of the government.  You know, building border walls, fighting wars that cannot be won, spending money on immigrants etc.

There is no way the government can survive without taxes.  They barely survive with them.

The reason the US government was able to survive off trade was because it was small and limited. However, today, the government is much bigger and therefore requires tax to function.

[ATMD]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.    

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

You misunderstand me. I was not advocating of removing the tax system. I was merely point out the fact that tax loopholes only exist because a tax system exists in the first place.

However, before the 16th amendment was created, how do you think the government made money? Not through taxes, but mostly free trade. There are alternatives to taxes.

I misunderstood, I thought you wanted to remove the tax system.  

Today, the government needs taxes and lots of them.  The debt interest payments increase every year, not to mention spending and the size of the government.  You know, building border walls, fighting wars that cannot be won, spending money on immigrants etc.

There is no way the government can survive without taxes.  They barely survive with them.

The reason the US government was able to survive off trade was because it was small and limited. However, today, the government is much bigger and therefore requires tax to function.

Definitely, public tax helps to pay for the public roads, law enforcement, health care, education etc. These basic welfare requirements are essential for all countries.

[coins4commies]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.   

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà! No more tax loopholes. Also, hoarding is not bad. However, is better to use a more sophisticated vocabulary, the word being 'savings.'

The use of the word savings implies need.  Saving more than you need is when it becomes hoarding.  Personal savings beyond personal needs happen at the expense of the current needs of others and is what makes hoarding so problematic.  

1.  Its not stealing because it is built into the agreement that the US government has the right to print more money.  Also "money holders" are not wise and not good for economic growth.  Incentivizing spending further stimulates the economy.  

'It is the aim of good government to stimulate production, of bad government to encourage consumption' (Jean-Baptiste Say, A treatise on political economy).
Spending more doesn't actually do anything; that is the Keynesian illusion.
See this video: https://www.youtube.com/watch?v=vHAsnzALQJk

Saving is more important. If you have capital to to start a business, that business will grow, growing or stimulating the economy.

For example, if you use bitcoin to buy a cup of coffee everyday, you are not growing the economy. However, you can save that bitcoin to start a business, that will.

You and that video are looking at this from the perspective of what you, as one person should do in a capitalist system instead of looking at the society as a whole should do. Imagine if everyone tried to take the same approach of saving to fill gaps in the market by opening businesses.  The gaps in the market would all close as demand would crash.  Companies relying on that spending would close, jobs would be lost, and there would be fewer people who could afford to buy lattes as well as many other things.  

Using bitcoin to buy a cup of coffee is not growing the economy but it is maintaining the coffee industry.  If everyone suddenly stopped buying coffee, less coffee would be produced, shops would layoff baristas or close and the economy would shrink.  

Capitalists fail to think beyond the individual choices of one person.  Smart moves in capitalism are only smart if a few people are able to make them.  There is no way for all or even most people to make smart moves simultaneously.  This is also why capitalism requires systemic inequality in access to basic needs like education and healthcare.  If everyone had those things then everyone would have opportunity and the "smart moves" would no longer be smart without anyone left to exploit.
 

Lets just call them System 1 and System 2.


System 1: People are oppressed by a power hierarchy.  The fruits of labor are stolen by force or contract.  People do not have the liberty to do what they want with their own lives. In the end, needs are not even met.

Where the gun in the workers' heads forcing them to work?

Also, if you are a socialist (which means you despise a concentration in wealth), why are you into crypto? There is a huge concentration of wealth in crypto. Most coins are owned my few persons (for altcoins).

In the literal sense, the police have the gun on behalf of the capitalist class.  They are there to enforce the laws of private property.  So if the workers don't work, they will literally be dragged out of their homes by men with guns.  

I am into crypto for many reasons.

1. I am searching for coins that could be used to aid socialist ideas (coins for commies).  Google "blockchain communism" and you will realize that the possibilities of communist applications of crypto are endless.  Here are the ones I have focused on.  Keep in mind that crypto tokens or blockchain technology do not have to represent money.  

-Smart contracts could be used to make direct democracy, basic income, and social dividends more practical.  
-Microtransactions could be used to monitor and score input and consumption of collectivized commodities
-Blockchain management of a IOT shared network of goods.  

There is a lot of disgusting things in the world of crypto but that doesn't mean the technology is bad.   Even though there would never be any currency in a communist society, all communists recognize that a socialist society has currency and is a transition towards someday not having it.  I am one who believes it would take several generations and much better technology under socialism before we could come close to achieving communism.  Crypto is a step in the right direction of taking money out of our lives.  Crypto doesn't ssem like real money because you never see it.   That is a huge mental step towards realizing money is not even real to begin with.

Iotas tangle could be used to help AI manage traffic or to track records of anything really.
https://www.youtube.com/watch?v=81rXoSRIRSA
I am also an environmental Scientist so this type of application in the video really gets me excited.

[coins4commies]

I am aware of hoarding and tax loopholes.  Tax loopholes should be closed.  I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.    

The only reason there are tax loopholes is because there is a tax system in the first place. Remove the system, et voilà!
...

You guys are not only stupid but dangerous.

Without the tax system, there would be no country.  The government can either collect taxes or go into debt.

Someone needs to pay YOUR bills.

You misunderstand me. I was not advocating of removing the tax system. I was merely point out the fact that tax loopholes only exist because a tax system exists in the first place.

However, before the 16th amendment was created, how do you think the government made money? Not through taxes, but mostly free trade. There are alternatives to taxes.

I misunderstood, I thought you wanted to remove the tax system.  

Today, the government needs taxes and lots of them.  The debt interest payments increase every year, not to mention spending and the size of the government.  You know, building border walls, fighting wars that cannot be won, spending money on immigrants etc.

There is no way the government can survive without taxes.  They barely survive with them.

The government could definitely survive without taxes.  The government doesn't need taxes at all.  The value of the dollar is what needs taxes.  The dollar is not pegged to gold but instead, is indirectly pegged to the US economy through taxes.  The IRS only accepts payment in US dollar which is why taxes create demand for the US dollar.  Since taxes are proportional to economic activity, a bridge has been created between economic activity and demand for the dollar.  That bridge is the IRS ability to collect taxes. 

If we ended all taxes, the government would survive and could pay off all of its debt instantly anytime because the US government only owes debt in US dollars.  The US government, wisely, does not owe debt in gold or any foreign currency or paying debt would be an actual issue. 

[Carlton Banks]

Has anyone made a case for layering capitalist and socialist ideas on top of each other, seeing as that's what actually works in reality?


Insurance is a great example of that. A profit making company (capitalist outermost layer) that administers a money pool (socialist inner structure) that people join voluntarily (capitalist at the individual level) to manage risks.


Here's how you fuck that up: insurance companies convince government to add an extra layer; coerced standards (aka "regulations"). This makes it very difficult to break into the market as a startup. Then the existing companies can easily charge too much, because they haven't got any competition (and can make deals with their existing competition not to undercut each other). Next, the insurance company cartel can get government to force people into buying insurance for various risks, and present it as "keeping everyone safe".


Supply side distortions (standards that prevent new entries to the market) and demand side distortions (forcing all people to buy something at fixed prices) completely destroys the market, but it's apparently easy to convince people that this is free market capitalism in action.

But if everyone is forced to buy and there is no competition, how is that different from socialism? The method is different to outright socialism, and complicated: 5 layers of socialism and capitalism nested inside or across each other. But what's the outcome? Very similar to what happens in total socialism: friends of the government run massive companies that don't have any incentive to do a good job.

[bones261]

Has anyone made a case for layering capitalist and socialist ideas on top of each other, seeing as that's what actually works in reality?


Insurance is a great example of that. A profit making company (capitalist outermost layer) that administers a money pool (socialist inner structure) that people join voluntarily (capitalist at the individual level) to manage risks.


Here's how you fuck that up: insurance companies convince government to add an extra layer; coerced standards (aka "regulations"). This makes it very difficult to break into the market as a startup. Then the existing companies can easily charge too much, because they haven't got any competition (and can make deals with their existing competition not to undercut each other). Next, the insurance company cartel can get government to force people into buying insurance for various risks, and present it as "keeping everyone safe".


Supply side distortions (standards that prevent new entries to the market) and demand side distortions (forcing all people to buy something at fixed prices) completely destroys the market, but it's apparently easy to convince people that this is free market capitalism in action.

But if everyone is forced to buy and there is no competition, how is that different from socialism? The method is different to outright socialism, and complicated: 5 layers of socialism and capitalism nested inside or across each other. But what's the outcome? Very similar to what happens in total socialism: friends of the government run massive companies that don't have any incentive to do a good job.

     What type of insurance are you talking about? If you are talking about auto insurance, most states in the US require people to have auto insurance if they want to drive. However, I see a very vigorous, competitive auto insurance market. If you are talking about health insurance, that is a big mess in the US. The problem with healthcare in general is that the biggest customers are either chronically ill or dying. Also, in emergency medicine, there is an ethical mandate to treat first. It's not practical or ethical for a healthcare provider to secure means of payment in the middle of an emergency. Most times the indigent or underinsured end up not paying the bill. Therefore, the healthcare providers are forced to raise their prices and try to make up for it by charging more. It just ends up being a feedback loop where the amount the healthcare providers charge keeps rising. In my opinion, the healthcare market is going to end up being socialized no matter what system you try.

[Carlton Banks]

What type of insurance are you talking about?

All insurance

If you are talking about auto insurance, most states in the US require people to have auto insurance if they want to drive. However, I see a very vigorous, competitive auto insurance market.

It's not much of a marketplace if you have no choice but to pay something to someone. That's called a racket, not a marketplace. It's a hard problem to solve though; roads (or railways) are natural monopolies because of the physical reality of the infrastructure (there's only 1 surface a road can be built on, and the routes are limited by other infrastructure that obstructs those possible routes)

If you are talking about health insurance, that is a big mess in the US. The problem with healthcare in general is that the biggest customers are either chronically ill or dying. Also, in emergency medicine, there is an ethical mandate to treat first. It's not practical or ethical for a healthcare provider to secure means of payment in the middle of an emergency. Most times the indigent or underinsured end up not paying the bill. Therefore, the healthcare providers are forced to raise their prices and try to make up for it by charging more. It just ends up being a feedback loop where the amount the healthcare providers charge keeps rising. In my opinion, the healthcare market is going to end up being socialized no matter what system you try.

Is it practical or ethical to socialize all healthcare, and pay for it with socialised debts that can't be paid at some point in the future? It's easy to say "socialize it to simplify it" now, and forget about how everyone maintains that long term. But remember why we're here on bitcointalk: government debts all over the world have increased more since 2008 than they have since the year 1908. That means big expenses like socialized healthcare are gonna either end or get drastically cut the world over once the government debt market reverses trend.

[bones261]

If you are talking about health insurance, that is a big mess in the US. The problem with healthcare in general is that the biggest customers are either chronically ill or dying. Also, in emergency medicine, there is an ethical mandate to treat first. It's not practical or ethical for a healthcare provider to secure means of payment in the middle of an emergency. Most times the indigent or underinsured end up not paying the bill. Therefore, the healthcare providers are forced to raise their prices and try to make up for it by charging more. It just ends up being a feedback loop where the amount the healthcare providers charge keeps rising. In my opinion, the healthcare market is going to end up being socialized no matter what system you try.

Is it practical or ethical to socialize all healthcare, and pay for it with socialised debts that can't be paid at some point in the future? It's easy to say "socialize it to simplify it" now, and forget about how everyone maintains that long term. But remember why we're here on bitcointalk: government debts all over the world have increased more since 2008 than they have since the year 1908. That means big expenses like socialized healthcare are gonna either end or get drastically cut the world over once the government debt market reverses trend.

I'm just saying, in the end, it becomes socialized in one form or another anyway. I work for an ambulance billing company. They are ethically and legally required to transport anybody. It would be totally unethical for us to leave a person untreated and untransported who is obviously having an emergency, even if the crew suspects the person does not have the means to pay. In the end, the ambulance service charges a higher price in order to recoup the costs from people who do have the means to pay. In the past, most hospitals were run by churches and non-profit corporations. Many still are. In the end, you just cannot have an effective free market when the main consumers happen to be chronically ill or dying.

[coins4commies]

Capitalists operate under the USSR as the definition of socialism. This is a contextualization issue.  You flew in a one plane 100 years ago and now you use your knowledge of that specific plane to represent the meaning of flight.

Involuntary socialism is slavery. Why? Because all people are capitalistic by nature... they want to improve themselves by their own activity. Even those who volunteer into socialism do it for personally capitalistic reasons. All socialism really is, is, a stepping stone to more capitalism... especially when it is slavery. Then it is capitalism for the slave makers.

Somehow people have confused a socialist economy to mean simple redistribution where everyone makes the same earnings.  I'm not sure where this one even comes from as the USSR didn't even have that.  

How can someone be so brainwashed to think that slavery is a socialist concept.  Its as if you have never read any Marx or Engels.  Socailism is all about giving people complete control of their labor.  You literally cannot get any further from slavery than that.  The freedom argument is strange.  What capitalists insists is freedom to control other people without realizing that people cannot be free if other people have freedom to control them

If you're going to think only about Soviet style systems when thinking about socialism then fine, your mind is made up, but if you're willing to take a step back and think about the actual meaning of socialism, you will see that it is only the socialist ideal that guarantees freedom over oneself to each person.  Capitalism gives freedom to exploit.  

Sounds like you have been tricked into a misunderstanding of what Marx and Engels were really saying. Giving people anything that is a requirement for happy living for them, is slavery. If you can control people, so that you GIVE them the fruits of their labor, that's holding them in slavery.

You don't have to give them the fruits of their labor.  I  just frame it that way because in the current context, it is being taken away from them.  So by ensuring it is not taken from them, we could say it is being given to them.  Your argument is the same as saying government cannot give slaves freedom.  Its true, but its misleading because the government can obviously stop them from being enslaved and restore the freedom that they have naturally.

True capitalists simply use their knowledge to interact with other true capitalists. For example. Pete is an unwise capitalist. George is a wise capitalist. Pete has Object A that he wants to trade with George for Object B that George has. George agrees, and they make the trade. Pete benefits by making $100 off the trade. But George makes $1000 off the trade. If Pete had been a little smarter, he could have made the $1000, himself.

George didn't force Pete to make the trade; in fact, it was Pete's idea to make the trade. George is not in the business of being a teacher for people like Pete. George is simply in the business of trading. Both are capitalists with a certain knowledge of the benefits of trading. George's knowledge is simply a little better than Pete's.

If object B is a finite resource and george bought all of object B then no, Pete does not have another option.  No matter how smart Pete is, he cannot get object B without buying it from George. If Pete needs object B to make a living then george, by taking more of object B than he needs, is forcing Pete to make the trade.  

Capital and knowledge are two different things.  Keep in mind that 80% of wealth is inherited.  

The fools want more socialism so that they can get some of the wealth of the wise... they think. But it is really capitalism they want. If they didn't want it, they would be content with what they had.

Your entire analysis is based on a false assumption.  Your false assumption is that socailists reject capitalism because we are not content with what we have want more wealth for themselves.   This is what happens when you project the capitalist "me me me" mentality onto socailists.  The problem with that is socialists are socialists precisely because we do not think about what is best for our position, but we think about what is best for society.  

Think about it, most socialist intellectuals are in positions of power and privilege already.  Its necessary in order to have the time and education to dig so deeply into economic theory.  We are already among the highest percentiles of earners and in control of our own labor.  Most academics work for the state or employee run non profits anyway.

Personally, I feel like I have too much wealth and live with too much luxury considering the state of the planet.  It is this extreme level of guilt and empathy for less fortunate that drives my passion for socialism.  Sometimes I want to buy a really nice product, and I don't because I feel like it wouldn't be fair for me to have it while people starve. The main limiting factor for my consumption is guilt.  Just as humans have been trained to think about everything in terms of money, I think it can be reversed.  We can restore human nature and build a society where people make decisions based on ethical value. 

[Carlton Banks]

In the end, you just cannot have an effective free market when the main consumers happen to be chronically ill or dying.

In the end, the state and the church will run out of money. Charities could continue, as long as people feel wealthy (and generous) enough.

The ethical argument is problematic. You present it as ethically absolute, but not everyone sees it that way.

This to me is a major issue with politics in general; it's an argument that never ends (until everyone literally kills one another, of course). Everyone thinks they're ethically correct, despite the fact that that's a complete contradiction of the fact that everyone has different ethics.

[BADecker]

Nobody will ever run out of money IF he considers everything he owns to be money. If all he has are the clothes on his back, his money is his labor. If he is too weak to labor, he will die soon. Only then will he not have money. But then he won't care, right?

[bones261]

Nobody will ever run out of money IF he considers everything he owns to be money. If all he has are the clothes on his back, his money is his labor. If he is too weak to labor, he will die soon. Only then will he not have money. But then he won't care, right?

I'm not sure how this sentiment exactly gels with the principal put forward by the parable of the Good Samaritan. Also, I may have missed the part about Jesus charging Lazarus,the lepers, etc.  Quite frankly, if a society thinks emergency medical professionals are being completely moral by sitting on their hands if they can't be assured of payment for their services, when a person is in peril of death, it is not a society that I would want to live in.

[BADecker]

Nobody will ever run out of money IF he considers everything he owns to be money. If all he has are the clothes on his back, his money is his labor. If he is too weak to labor, he will die soon. Only then will he not have money. But then he won't care, right?

I'm not sure how this sentiment exactly gels with the principal put forward by the parable of the Good Samaritan. Also, I may have missed the part about Jesus charging Lazarus,the lepers, etc.  Quite frankly, if a society thinks emergency medical professionals are being completely moral by sitting on their hands if they can't be assured of payment for their services, when a person is in peril of death, it is not a society that I would want to live in.

The other side is that it is often against the law for police to pull an unconscious man out of a burning vehicle, thereby saving his life. But cops will often disregard the law and save the guy.

As far as the good Samaritan, the Samaritan is wrong by earthly standards, but right by heavenly standards. To understand the earthly standard clearly, see Ayan Rand - https://www.youtube.com/watch?v=cAFKnfN4bfk - https://www.youtube.com/watch?v=1ooKsv_SX4Y.

[tarball]

1. I am searching for coins that could be used to aid socialist ideas (coins for commies).  Google "blockchain communism" and you will realize that the possibilities of communist applications of crypto are endless.  Here are the ones I have focused on.  Keep in mind that crypto tokens or blockchain technology do not have to represent money.  

I don't use Goolag, sorry.

[bones261]

OK, it appears that I have not explained my point adequately. One of the problem with the healthcare system in the US centers around emergency care. In emergency care, it is not practical to secure payment up front. What the medical provider does in this case is extend the patient credit. Needless to say, this results in a good deal of bad debt. Now it has been demonstrated what happens when a certain sector of the economy generates a good deal of bad debt. The housing crisis is a perfect example. The losses end up getting socialized one way or the other. It is true that we could have just not started bailing companies out. However, if the government didn't shoulder the burden, then the costs incurred would have to be passed on to someone. In fact they already were passed on since many people lost their jobs, and the economy as a whole suffered.  In an ideal world, it would probably be better to secure payment up front and not extend credit to anybody. However, in certain situations, (an medical emergency for example) this is not practical.

[mOgliE]

Has anyone made a case for layering capitalist and socialist ideas on top of each other, seeing as that's what actually works in reality?


Insurance is a great example of that. A profit making company (capitalist outermost layer) that administers a money pool (socialist inner structure) that people join voluntarily (capitalist at the individual level) to manage risks.


Here's how you fuck that up: insurance companies convince government to add an extra layer; coerced standards (aka "regulations"). This makes it very difficult to break into the market as a startup. Then the existing companies can easily charge too much, because they haven't got any competition (and can make deals with their existing competition not to undercut each other). Next, the insurance company cartel can get government to force people into buying insurance for various risks, and present it as "keeping everyone safe".


Supply side distortions (standards that prevent new entries to the market) and demand side distortions (forcing all people to buy something at fixed prices) completely destroys the market, but it's apparently easy to convince people that this is free market capitalism in action.

But if everyone is forced to buy and there is no competition, how is that different from socialism? The method is different to outright socialism, and complicated: 5 layers of socialism and capitalism nested inside or across each other. But what's the outcome? Very similar to what happens in total socialism: friends of the government run massive companies that don't have any incentive to do a good job.

And how do you prevent big companies to use their money as leverage and lobby to corrupt your government and create regulations in their favor? :/

With representative democracy, socialism or capitalism is all the same. It leads to concentrate the power in few hands, them being corporations in capitalism and government members in socialism.

The end doesn't change, though capitalism takes longer I'd say.