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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Which is better, capitalism or socialism?  Gee, what a novel question – I don’t think humans have ever considered that one.

If only there were some data we could look at — like if there were some country that went from not existing to being the most prosperous in the history of the world in the span of 100 years — maybe then we could look to see how they did it and which economic system they used.[/quote]

Are you trying to reference the US?  We weren’t even close to the most prosperous in the world by 1876.[/quote]

Yes, we were.  By 1876, the US was the wealthiest nation on a per capita basis, though the British Empire was still wealthier in absolute terms since it was larger.  By the start of WWI in 1914, the US was the wealthiest overall, even allowing for the larger size of the British Empire.

Think about that - from not existing to the most prosperous ever in 100 years!  That's the power of capitalism.[/quote]

Due to capitalism?  Or slavery?  That was made on the backs of enslaved people.  And you have no way of disentangling that from your analysis.[/quote]

The Romans had slaves,  the Mongols had slaves, the Brits had slaves, etc. of all races. We should go back and ask them all for reparations. Fortunately we evolved as the human race.[/quote]

Why are you pivoting to a non sequitur about reparations?  This thread is about capitalism and socialism.  When a poster points out how successful our first hundred years of capitalism were, one must take a free labor force into account.  Duh[/quote]

The decades following WW2 were also very prosperous for the US and slavery was long gone. USSR’s socialist economy…not so much.[/quote]

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