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Kamikuza said..
I love how in the face of over-whelming evidence of socialism's failures in countries like the USSR, China, Cuba etc the useful idiots refuse to accept the facts: "oh that's not socialism, that's communism".
Right. Because if only you got the right people, the nice people, in power then none of that would have happened.
Both socialism and capitalism have succeeded and failed in many countries. The nordic countries are of course a shining example of socialism's successes, capitalism was introduced to Russia after communist USSR collapsed, and if you ever want an example of hyper capitalism 90s Russia is it. Mexico is a shining example of capitalism failing, or is that an example of "oh that's not capitalism, that is crony capitalism"?
And on and on. You can pick example of failures and successes for both systems.
What you'll find is that some entities work best as privately owned enterprises, and some entities work best as state owned enterprises. And sometimes a mix. Tech companies, schools, resources, media, military, law, energy, transport are all examples to think about. Some work better as public entities, some work better as private entities, sometimes it's either/or, and sometimes it will vary from culture to culture.