Whats wrong with socialism?

proletariat2
Fri, 19 Feb 2010 23:05:37 +0000

A company would fail in a capitalist sense when it goes bankrupt.



But what if companies don’t really exist in a strict sense? A lot of socialists aren’t really into the whole “company” idea. Failure is entirely different in these societies.



However, people do have a general sense of their own best interest and also have a general sense of how to act in their own gain.



What if they’re confused by conflicting economic signals? That’s what happening today. Also, there are things like sub-prime mortgages, Ponzi schemes, etc. People know how to act in their own gain if they’re bargaining over tangible or easily conceptualized products on a relatively small scale, but things quickly get complicated beyond that.