Economic systems themselves don’t produce anything. They’re economic systems. That’s the whole point. Anything produced under capitalism could be reasonably produced under socialism, etc. It is simply a different way of doing things. But you do make a good argument against your own argument.
Yes, tools don’t make things, people using tools produce things. And capitalism as a tool has been used to produce a lot of things, a lot more than socialism. But like any tool, you don’t want to use the same one all the time for everything. Economics is about incentives, and different systems put the incentives in different places. You don’t want to run a prison on capitalism because it incentivizes imprisoning people. But if you’re running a country on a planned economy it’s difficult to incentivize people to work harder just because the government said so, even if it was a democratic decision that people should work harder.
OK then, what has socialism produced? Remember you have to show what it produced can’t be made under capitalism, or any other economic system.
Anyone can tell someone they’re wrong, but if you can’t explain why, why should they believe you?
Economic systems themselves don’t produce anything. They’re economic systems. That’s the whole point. Anything produced under capitalism could be reasonably produced under socialism, etc. It is simply a different way of doing things. But you do make a good argument against your own argument.
Yes, tools don’t make things, people using tools produce things. And capitalism as a tool has been used to produce a lot of things, a lot more than socialism. But like any tool, you don’t want to use the same one all the time for everything. Economics is about incentives, and different systems put the incentives in different places. You don’t want to run a prison on capitalism because it incentivizes imprisoning people. But if you’re running a country on a planned economy it’s difficult to incentivize people to work harder just because the government said so, even if it was a democratic decision that people should work harder.