Sal Paradise wrote:
Because fall all its ills capitalism is still the best system yet divised to stimulate innovation and reward risk taking. The idea that the state owns everything and doles out pocket money to its populus doesn't appeal to me.
Socialism is great in theory it doesn't work in practise and the only people who truly prosper are those at the top that live like kings with greater access to the better things and it is in their interest to keep the population under control to protect their priviliged status.
Capitalism in its pure form results in a very small number of people owning virtually everything. Take the USA the capitalist champions, the richest 3 people in the USA own more than the poorest 130,000,000. I struggle to see how anyone can support or justify that system.
The state owning everything and giving out pocket money is communism not socialism.
You say socialism doesn’t work in practice, but the NHS is socialism in practice. So is free education and childcare, the police force, the fire brigade, the army. Why shouldn’t other public services such as the railways and other transport, utilities like water, electricity and gas be run in the same way as those organisations, to provide a service for the people, rather than to make profit for the few.