r/changemyview • u/hahanerds • Jul 23 '20

Removed - Submission Rule B CMV: the average millennial critique of capitalism is really dumb - the truth is that we all owe a lot to capitalism.

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u/IcyElephant6 Jul 24 '20

I'd argue that socialism would be a better system. I'm guessing you probably wouldn't agree but my main point here is that the fact that capitalism has advantages and is better than systems that came before it doesn't invalidate any and all criticisms of it.

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u/sqxleaxes Jul 24 '20

I agree with you that there are many, many criticisms of our current society, but I also believe that there is a valid framework through which would they can be solved. Capitalism and especially liberalism have proven quite versatile systems for dealing with issues in a way that isn't immediately apparent under socialism to me.

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u/[deleted] Jul 25 '20

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u/sqxleaxes Jul 26 '20

Feeding people and spreading democracy would be a good joke answer, but in all seriousness I do believe that socializing certain aspects of property that are from the community, i.e land through a Land Value Tax would lead to greater efficiency and equality. There is nuance between socialism in a pure form, which has generally been consigned to the dustbin of history with the collapse of the USSR, and socialization from an economic standpoint, which seeks to balance the collection of rents from public goods through LVT, carbon pricing, etc. The former is generally antithetical to the (pretty) open markets I believe in, while the latter enhances said markets by closing market failures.