The Revelation of Greta: no heavens behind the heavens

[JU_88]

Well you cant win, Monopolism is a possible out come in capitalism.
And you cant prevent it without some regulation or intervention. The Socialists are right about that one.
What they are wrong about, is empowering the State to the point that it becomes the all powerful monopoly itself.
The fallacy of 'it would be alright so long as it was me/us in charge'

I think the verdict is in pretty much, capitalism is wasteful, highly exploitative, and not everyone is good at it.
Yet its responsible for more prosperity, innovation and increased living standards than any other system in existence.
Biggest danger is, it can lead to a massive wealth divide. Leading to as sense of unfairness and resentment, (especially when the rich play dirty and rig the system) leading to people wanting to burn it all to the ground.

Socialisms solutions are overkill, as well as being rather over optimistic, e.g just hand it all over to the state, let them control the bulk of wealth & resources, and trust they will act fairly towards the indervidual, not run up a massive deficit and continue to innovate.
Three things its been proven time and time again they are completely incapable of.

The Marx dream of "From each according to his ability, to each according to his needs"
Seems to be just that - a dream.
In practice what happens is that it ends up persecuting which ever groups it saw as 'advantaged' when it took power. Seizes their assets & businesses and then squanders them because they don't poses the skills to sustain those assets & businesses, so eventually they drag everyone down to the same level of mediocrity at best and total misery at worst.
People feel trapped, resentful and powerless - once again, leading to people wanting to burn it all to the ground.

Maybe....
Too many Capitalists try to exploit the tools of good for evil (and succeed in the evil)
Too many Socialist try exploit the tools of evil for good (and fail to do the good)

Either select Cooperations rig the system, or state does. Pick your poison.
Capitalsim wins because on an indervidual basis it tends to provide the better out come for most people, few will make it to the top - but most will do ok out of it.
Its possible for Socialism to allow people to do ok too, but it removes most of the possible routes to 'climb up' that capitalism provides, (that's the price of equity) and that's a deal breaker for most.

Perhaps power just doesn't do good things to people, yet as a species we are dependent on hierarchy.
Quite tragic.