points by the_third_wave 3 years ago

> Yep, everyone is rich.

They are when compared to alternative paths. The differences in financial fortitude may be large but the "poor" in most capitalist nations are far richer than the true poor elsewhere. Life expectancy is higher as well which is not surprising given the relation between having access to basic needs - which most people in capitalist (and pseudo- or state-capitalist like China) societies are - and life expectancy. The number of people living in extreme poverty worldwide declined by 80 percent from 1970 to 2006 either under capitalism or Chinese state-capitalism under Deng Xiaoping. Poverty worldwide included 94 percent of the world’s population in 1820. In 2011, it was 17 percent. Mortality rates for children under the age of five declined by 49 percent from 1990 to 2013 (WHO).

The other side of the coin is just as clear, Communism pulls down everyone but the anointed party members down into poverty. Taking Venezuela as a recent example Chavez and his cronies managed to turn the richest country in south America into a basket case in a measly 15 years.

So, is capitalism pure good and communism pure evil? It depends on the scale at which they are applied. In my family we live like communists where everyone gets according to their needs while partaking in the upkeep of our facilities according to their abilities. Most families work like this I think? Yay, communism works... at this scale. At a national scale it does not as has been shown countless times. Capitalism is the other way around, at the smallest scale - family, extended family, neighbourhood - it tends to lead to unappealing results while it shines at a larger scale - at least when the excesses are kept in check. Just like communism it lends itself to concentrations of power in the hands of a few but unlike communism it can be kept in check without falling apart at the seams.