From Culturcidal:
ShareIn fact, the only time socialism ever looks viable at all is when a thriving capitalist system is built and socialism is layered on top of it, without being so overdone that it immediately destroys the whole economy. It’s like a world class sprinter that is forced to wear a weight vest. It immediately slows him down, gets worse as the weight is increased and can eventually become so heavy he can’t even move.
Why? Well…
1) Economic centralization just doesn’t work: There was a time in human history when the most brilliant minds could essentially “know everything” or pretty close. For example, I asked ChatGPT for a list of things Leonardo Da Vinci was an “expert” at. Among other things, it told me, "Anatomy, Physics, Mechanics, Engineering, Invention, Hydraulics, Art, Painting, Drawing, Perspective and Composition, Mathematics and Geometry, Proportion and Symmetry, Golden Ratio Studies, Natural Sciences, Botany, Geology, Zoology, Flight Dynamics, Architectural Design, Urban Planning, Fortification Design, Writing and Thought and Scientific Observation." Granted, Da Vinci had an amazing mind, but the world was also much simpler, and the base level of knowledge was a tiny fraction of what it is today.
On the other hand, today, the world is highly technical, deeply complex, and rapidly shifting. Even if you were the greatest genius on earth in, say, quantum physics or rocket science, that wouldn’t mean you’d have even the most basic understanding of something like farming, brain surgery or, social media marketing.
So, when politicians and bureaucrats, who are frequently no smarter than even the average person, are asked to make decisions about a wide variety of jobs, resources, policies, and regulations, the results are inevitably going to be disastrous.
It’s tricky enough for even true experts in a field to figure out the best way to use their resources or what the market will want in a couple of years, so when you move almost all of those sorts of decisions into the hands of people with outside agendas, who don’t understand what they’re doing, it’s going to get extremely dysfunctional, extremely fast.
Capitalism deals with this by leaving as many decisions as possible in the hands of the market, while socialism deals with it by failing over and over and over again and shifting the blame to non-socialists, businesses, and capitalism. (Read more.)
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