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Socialism claims to prioritize the public good, yet its track record shows that planning and state control frequently result in inefficiency. The irony lies in their inability to reliably provide services they promise for “everyone’s benefit.” Under socialism, transportation, utilities, and infrastructure have often decreased in quality due to lack of competition and innovation, creating widespread inconvenience without any real path to improvement, except if capitalist policies are placed. Even Vietnam had to adopt capitalist policies after their economy stagnated in order to thrive, as well as China. And sure, Capitalism is far from perfect, but it at least offers the flexibility for creativity and innovation. Rather than imposing one-size-fits-all solutions, capitalism allows the people to meet the needs of people with diversity, including government oversight to ensure that the rights of people are protected.

Oct 27, 2024, 5:23 PM
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