Oh yeah, the only thing stopping me from going to space was the difference between 1 Trillion and 100 million. Now I can finally go! Thanks, Elon!
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Great argument. Please, sir, enlightenment us to how privatization of space travel is good and how we can’t do without it? How will these wonderful benefits trickle down to the rest of us?
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And capitalism works? I don't understand the argument for competition leading to innovation. It seems clear that market competition just breeds small changes that don't really amount to anything, but are only used to sell you something that's the "newest version"
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"Innovation" only comes about to be slightly better than the competitors, rather than making something that's actually new and good. Hence the ever increasing iPhones with only marginal changes. Not to mention planned obsolescence.
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Wow you sound just like the basics of my high school AP econ class. Can you actually look at reality and not just regurgitation Econ 101? Does capitalism actually allocate resources efficiently? What does our current society show?
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In a socialist society, a community goes "Hey, we need food, so let's make food for everyone since we own and maintain the resources needed to make and distribute the food and we only make enough food to satisfy everyone's needs."
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No, it doesn't. Capitalism is private ownership and market competition in allocating resources, socialism is the means of production, distribution, and exchange being owned and regulated by the community and workers.
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Capitalism injects a middle man since it based on the idea that one or few individuals own the means of production rather than the people who use and produce those resources while the state is needed to maintain that private ownership.
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You need regulation to stop what capitalism is design to do: maximize profits, but nowadays capitalism just uses the state to get around that. Moving factories to places they can use child labor and slavery, paying off governments to desecrate the environment.
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The issue is what you talk about capitalism in theory. I'm looking at what capitalism does in practice. It maximizes profits to the detriment of literally everyone and forces us to oblige under threat of hunger and homelessness.
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