👉 Léo The general failure and ultimate collapse of the Texas power grid should forever be remembered as a failure of unregulated capitalism. For the numerous failures and tragedies broadly attributed to "socialism", I think it is fair to blame this on on capitalism.
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Zero Edge Money = motivation in capitalism. What motivation mechanisms are there with socialism? I would think that part of the reason we have advanced so far in the past few hundred years is largely because of the motivations provided by capitalism. Can it go too far? Obviously.. True capitalism means monopolies..
3y, 42w reply
🏀 Pr Interesting, i generally agree. capitalism is terrible at planning for the worst case scenario. See also: the pandemic
3y, 42w reply