How Capitalism defeated socialism?

[nur rochid]

Socialist economy is,government will treat all the people equal and give food to all.If they are contributing the government or not.

Yes socialist system is suppose to be that way and take care of the citizen but I don't think things are now the way we read them back in time in the economic text books. I believe that there are now changes to what it was then. Major example of socialist countries are China, Cuba, Lao, Vietnam and take the example of China in the economic narratives is becoming a capitalist country, so much involved in trade and business including development and this is not really what Karl Max described as a socialist type of country in his theory.

In China, there are many rich businessmen, and also many of them are the richest people in the world. In my opinion, it is no longer a purely socialist country, because it has a capitalist element. where in this way the country will develop rapidly in terms of the economy, because the people are given the freedom to develop their business even though later there will be taxes that will return to all the people

[Wong Gendheng]

Trends and changes will continue to occur, if at the beginning of the revolution socialism was widely used to regulate the country but now many countries have abandoned socialism because they have failed to make progress, even China has become a capitalist country even though the country still has a socialist concept.

[ningrum]

Trends and changes will continue to occur, if at the beginning of the revolution socialism was widely used to regulate the country but now many countries have abandoned socialism because they have failed to make progress, even China has become a capitalist country even though the country still has a socialist concept.

It depends on how successfully the socialist or capitalist concept is applied to the state,
For China, it seems that their ideology has been replaced from socialist to capitalist, although not completely like that.
but what is clear is that many countries currently use the capitalist concept

[19Nov16]

In my opinion the socialism system has been abandoned by many countries and switched to capitalism, socialism has received a lot of resistance from citizens because it cannot provide freedom in many ways, and China is an example of a successful country and becomes a strong country because it turns to the capitalism system.

[BlackHatCoiner]

I mean, socialism talking about equality but it is just a beautiful lie , and capitalism is an ugly truth !

Speaking of truth,

The truth is rarely pure and never simple.

[tardezyx]

The verdict is in, and contrary to what socialists say, capitalism, with all its warts, is the preferred economic system to bring the masses out of poverty and to make them productive citizens in our country and in countries around the world. Remember this: Capitalism rewards merit, socialism rewards mediocrity.

The motivation for innovation is driven by the individual participation of wealth. The primary driver is - this may sound amazing to some - asset preservation and the secondary driver is asset growth (accumulation).

Within socialist societies and, by the way, also communities like the Kibbutz, general individual wealth is not sought at all, and in extreme cases (communism) it is even abolished (except for the ruling class... what a miracle). Therefore, the motivation to be innovative and therefore more competitive is far less present than in capitalistic or economic liberal societies. This leads, e.g. also in the Kibbutz, to the fact that the individuals contribute less to the general work effort, since one has nothing from it. On the contrary, so-called "heroes of labor" (who increased the expected productivity through their zeal for work) were generally hated in the former GDR.

[Fortify]

The verdict is in, and contrary to what socialists say, capitalism, with all its warts, is the preferred economic system to bring the masses out of poverty and to make them productive citizens in our country and in countries around the world. Remember this: Capitalism rewards merit, socialism rewards mediocrity. I mean, socialism talking about equality but it is just a beautiful lie , and capitalism is an ugly truth !

The verdict is in? Capitalism has been shown as the most amazing effective economic system for many decades. As it embraces human nature rather than trying to restructure natural urges. There are always people who will work harder, be smarter and strive to get to the top. There are others who are content at doing the bare minimum in life. Socialism tries to reorder society and reallocates resources in an ineffective method. That being said, capitalism does need strong and careful regulation to benefit people - this is constantly undermined by the richest.

[tardezyx]

The verdict is in? Capitalism has been shown as the most amazing effective economic system for many decades. As it embraces human nature rather than trying to restructure natural urges.

Remember: the foundation of capitalism (as well as any other economy, state form... the whole circus) is enforced levy (internal: tax, external: tribute) which is sanctionized on the due date. It is the birth of state structures, surplus production (= economy), property, interest, "money", markets ... the birth of the civilian by legislation of the most powerful. This is the contrary of human nature where one lives in communities with solidaric substinence but no individualism.