this post was submitted on 29 Nov 2023
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As a system, it's the best one so far.
It's also the worst. It was the backbone of both Nazi Germany, and modern Social Democracies. Capitalism is incredibly broad, both the most evil and most benign states in history have relied on Capitalism.
Socialism similarly is broad, and isn't at all synonymous with Stalinism or Maoism.
It's almost as if authoritarian/~~liberal~~libertarian and capitalism/socialism are orthogonal directions on the political compass
Libertarian*, but yeah.