Reply to Which is better capitalism or socialism?

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Reply to "Which is better capitalism or socialism?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The problem with socialism is human nature. Sure everyone working for the common cause and singing kumbaya sounds good in theory but the reality is a completely different matter. With socialism there is no incentive to work hard, take risk with capital, innovate, be an entrepreneur, etc. Society would stagnate. I’ll take capitalism with all its flaws any day. By the way, that smart phone in your hand is a result of capitalism.[/quote]

You still don't understand what socialism is.

Let's say you have an electric company.  You decide to make it socialist.  All the residents in the state of Vermont are now considered owners of the electric company.  The company has staff, including management.  And a Board of Directors.  The staff and management are paid by the company to "work hard".  The profits of the electric company are shared with the share holders, who are the residents.  The staff may even get bonuses if they do a great job each year and the company is running efficiently.

Alaska does something like this, see the checks they mail out to all their residents each year for oil and gas proceeds.  Google the oil and gas dividend.[/quote]

Bad example when using utility companies. Try again.[/quote]

Why?  Why is it a bad example?

So replace utility with hospital.  College.  Trucking company.  Corn fields.

What industry do you want me to do that does not fit a board, management, and shared profit and loss? [/quote]

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