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Showing posts with the label “Adam Smith”

How to Explain Socialism Clearly

Danny Katch: “Socialism is a society whose top priority is meeting all of its people’s needs, ranging from food, shelter, and health care, to art, culture, and companionship. In contrast, capitalism only cares about any of that basic human necessities stuff to the extent that money can be made of it.” Nathan J. Robinson: “ Because it’s not that capitalism never produces food—you can go to the grocery store—it’s not that capitalism never produces any kind of shelter—you can rent an apartment—it is that it provides it to the extent that money can be made off it, and the moment those human imperatives of the basic needs conflict with the money being made, the money will come above basic needs.” I do not think that is a full explanation; I think it is partially accurate because it forgets that capitalism also provides certain things and maintains others – erosion but not the dismantling of the welfare system, for example – to keep the social peace, and thus the system protects itself from