People often compare Capitalism vs Socialism from a perspec…

Twetch ·

People often compare Capitalism vs Socialism from a perspective of morality, usually going no further than the intentions behind one vs the other.

But these systems are amoral. They operate on the level of resource allocation, not morality.

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Twetch ·

The real question is, which system is better for allocating resources, and is that answer always true, or do some circumstances better suit one system over the other?

Anyone who cannot answer that question in full poorly understands economics.