IsaacKJul 20, 2019

A thread: on #socialism and #capitalism.

I've heard a lot of talk about socialism and capitalism lately, but I think that a lot of people aren't clear on what those things mean. So let me offer some clarity. It's pretty simple, just remember these words.

"Socialism is when bad things happen but capitalism is when good things happen."

Show threadIsaacKJul 20, 2019

See, I'll give you an example. When a few people who have accumulated a lot of resources and own a company insist on paying employees less than a living wage when the profits from their company would easily allow it, that's socialism, and it's bad.

But when those employees decided to freely talk with each other, using their freedom of speech in a free market, and decide to form a union and insist on being paid a more fair share of a company's profits, that's capitalism, and it's good.

Show threadIsaacKJul 20, 2019
Or get this, here's another example. Say you have a country that taxes its citizens,  then uses that money to finance military forces way larger than would be necessary to defend its own citizens, then uses those military forces in interventionist wars that often lead to an increase in human rights violations. And what's more, this country can't find the tax revenue to provide health care for all the the veterans of its wars. That's bad, and it's clearly socialism.
Show threadwenderJul 20, 2019
@IsaacK AOC is this you?
Show threadIsaacKJul 20, 2019
@wender I wish I was that cool. AOC is doong a lot of good in the fight for capitalism.
Show threadwender
@IsaacK Capitalism FTW.
Jul 20, 2019 at 2:47amWeb