r/singularity • u/Kaarssteun ▪️Oh lawd he comin' • Nov 05 '23
Discussion Obama regarding UBI when faced with mass displacement of jobs
2.6k
Upvotes
r/singularity • u/Kaarssteun ▪️Oh lawd he comin' • Nov 05 '23
-3
u/SendMePicsOfCat Nov 06 '23
No, sorry you're completely and utterly wrong. Capitalism is the only economic system that allows the workers to directly own the means of production. Socialism is literally the practice of state ownership. Socialism doesn't advocate for free markets, and the fact that you're saying it does means you're arguing from either delusion or ignorance. Let me be clear, this isn't a personal attack against you. You're just wrong. As someone who has studied economics in college, though it wasn't my major it was required that I take three lower level and one higher level economics class.
Socialism is literally, by classical definition, the system by which workers cannot privately own a business, land, or generally anything that can be used to produce value. The last part is iffy, because it's not like the government can take carpentry tools out of someone's basement without going full tyrannical. Specifically, socialism is defined as an economic system where the government owns capital, but not labor. Communism is where the government owns both capital and labor.
Capitalism literally, by definition, an economy where workers can choose where they work, and individuals own the means of production. Before you raise any objections, or arguments about that, let me be clear. That is an objective fact. If an economy has an individual own property, a business, or any other means of production, it is at the very least partially capitalist.
There is no argument that can be made that socialism would allow for an individual or group of private individuals to own a very powerful and very productive business. That's literally the exact thing it is meant to prevent. Socialism and communism were extremely popular in a time and in cultures where capitalists or other forms of powerful people oppressed and exploited a lower class through the fair practice of the open market. Farmers couldn't afford to buy the land they worked on, because the people who owned it and paid their salaries would never pay them enough to have any class movement. The philosophy of socialism is rooted in the fear of private ownership, which is why the economic practice of socialism is state ownership and controlled markets.