mkwhat is #socialism?
#economic action to be #coordinated in a #centralized manner via a #centralplanner.
1. central planner collects money from industries and customers
2. central planner makes a bet with other peoples money
3. central planner decides which company wins by distributing funds
capitalism is better than #socialism, because the many #companies with actual skin in the game will always make better #investment decisions than the central planner.
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