ruby sparks
Contributor
With one big difference. Many socialists think there is such a thing as a free lunch, and believe the country owes them a living. Conservatives on the other hand believe on reward for effort.
Inheriting money sure looks like a free lunch to me? Getting more opportunities in life because of who your parents are is free lunching like a mother fucker. Capitalism is introducing unfairness (free lunches) artificially to boost incentives for work. The reason people like capitalism is because it works. But if you want to argue it's fair, I'd say you were high as a kite.
Donald Trump is a perfect example of the failings of capitalism. He's an absolute disaster as a human. An overgrown retarded man child who's only redeeming quality was inheriting money. An inheritance that he monumentally mismanaged and pissed away. The man hasn't worked a day in his life. If capitalism was meritocratic he wouldn't be elected to run a public lavatory, let alone the US presidency. He demonstrates how capitalism doesn't necessarily encourage hard work. Yes, incentives matter.
You clearly haven't thought this through.
I'm pretty liberal in my outlook. But I'm a pragmatist at heart. I support whatever works. I don't believe in a one size fits all solution. We often forget that we tried neo-liberalism in the West in the 19'th century. We stopped because it was a fucking disaster. That was the society that spawned socialism as a reaction to it.
Libertarianism is trendy today, but those guys need to read more history. It wasn't a well oiled society. It was in many way utterly dysfunctional. I really don't want to go back there
In your opinion then, anyone who inherits a family fortune should not be entitled to it, and perhaps hand it over to the bums who have never done a fair days work in their lives? ?
Imo, both capitalism and socialism have their merits and both can be claimed to be fair and reasonable in different ways. To me, the question is, where, in the middle of the two extremes, is there most merit?
US Libertarian Capitalism has been dubbed, 'Toxic Capitalism' and I often think there's something in that.
A Better model of capitalism might be what's known as The Nordic Model. Though even that isn't perfect by any means, obviously, and it's actually a blend of capitalism and socialism.
https://en.wikipedia.org/wiki/Nordic_model
That said, economies are closely-related to their cultural, social and political contexts and circumstances and you couldn't necessarily transplant one version to a different place.