Yeah, disorganized blogger opinion posts ARE indeed “Extended News” worthy... /s
Lucy got some Voxsplainin’ to do.
Interesting. I like the motivational explanation, maybe the dummies can understand that.
For some reason, I couldn’t read the article.
I know it’s about scarce resources, then my mind wandered.
It’s quite simple actually.
If you like separation of church and state, you can just think of capitalism as separation of economy and state.
You still need law and justice but best to keep govt out of the economy itself.
There’s no government mandate that I be supplied w/coffee, yet there’s a shop on every corner. How’d that happen?
In communism, govt controls production and distribution. Think of having to go through your HOA to get a TV. The board, based on how many TVs have been supplied by the state, decides who gets a TV this year.
In socialism, govt controls distribution only. But this is mostly expressed through taxation in countries in Europe and U.S.
One small addition. Fund managers also are compared to each other. If everyone is losing money or missing their goals, then the bonuses get smaller. But if only a few lose money or miss their goals, then they lose some of their accounts and don’t get bonuses.
A little blunt, but mostly spot-on.