General Discussion
In reply to the discussion: Capitalism [View all]paleotn
(18,055 posts)Reminds me of a chat with some of my Swedish colleagues. Sweden has one of the highest rates of millionaires and billionaires per capita on the planet. And yet has a massive social safety net, with taxes to fund it. How can that be? Their simply answer was, unlike Americans, Swedes don't have to worry about healthcare coverage and basic income, so they're free to follow their dreams and ideas as far as work is concerned. And sometimes those ideas hit it big. That's a gigantic risk few can take in the US. Not the whole answer, certainly, but it is an interesting factoid.
Capitalism works, just like fire works. But both can kill you if not well controlled. In my mind, that's where socialism comes in. On the other hand, communism, like libertarianism, is illogical and an abject failure.