Socialism

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socialism never works (sh.itjust.works)

submitted 9 months ago by cyu@sh.itjust.works to c/socialism@lemmy.ml

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[–] banneryear1868@lemmy.world 4 points 9 months ago

It may be possible that socialism and capitalism are just economic tools that can applied to different sectors of the economy depending on which works best in a given context.

While I wouldn't agree that the ideologies of socialism and capitalism are compatible in determining economic relations within a country, I would say that socialism and even communism are compatible with markets, which is what I would say is the "tool" in that statement. Markets can be designed based on what is useful for that sector.

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