this post was submitted on 28 Jan 2024
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Socialism
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It may be possible that socialism and capitalism are just economic tools that can applied to different sectors of the economy depending on which works best in a given context.
But sure, let's all form up into groups that either think only socialism works or only capitalism works and try to misapply these to sectors of the economy where they've already been proven not to work. That makes sense!
It's like one group deciding that hammers are better than screwdrivers and trying to beat a screw into something with a hammer. Then the other group decides screwdrivers are better than hammers and are trying to use a screwdriver to hammer in nails. They'll both kinda work for everything, but for anyone that's not caught up in the argument it all seems kind of silly. Why not just use the screwdriver for the screws and use the hammer for the nails?
Or right, because of ideology.
While I wouldn't agree that the ideologies of socialism and capitalism are compatible in determining economic relations within a country, I would say that socialism and even communism are compatible with markets, which is what I would say is the "tool" in that statement. Markets can be designed based on what is useful for that sector.