Does capitalism DEPEND on socialism for its survival?

by The Fall Guy 8 Replies latest social current

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  The Fall Guy

  The banking industry needed the kiss-of-life 12 years ago via tax-payers' money; UK privatised railway companies are totally dependent on tax-payers' cash for survival, and now airlines will be queuing up to receive public money to ensure the survival of their private companies.

  "European aviation faces a precarious future and it is clear that co-ordinated government backing tax-payer's money will be required to ensure the industry survives...” https://www.bbc.co.uk/news/business-51904769

  Where should the line be drawn?
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  JimmyYoung

  Right now the fed IMO is being assholes. Going to zero does nothing I can see but rattle the markets. If they would keep their monkey fingers out of the pie I think it would help more.
  
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  LoveUniHateExams

  Does capitalism DEPEND on socialism for its survival? - no, it doesn't.

  But socialism (socialist policies) can only continue to exist in stable, capitalist countries (see Sweden, Norway, Denmark). So socialism/socialist ideas and policies depend on capitalism for their survival.
  
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  coalize

  I think Capitalism without socialism can't exist, and socialism without capitalism can't exist neither!
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  Simon

  It's the other way round - socialist policies require the wealth generated by capitalism.

  The problem is when they spend more than is made, you can only do that for so long before everything runs out.

  The problems with things like rail is that they were nationalized. The UK used to have a better rail network but then the government decided they should run it and ran it ... into the ground. The privatization effort was trying to save it - injecting the efficiencies that come from capitalist operations to avoid the waste and stagnation of a socialist system.
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  karter

  The problem with Socialism is they run out of other peoples money to spend.
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  hoser

  It has to be a mix of both for it to work
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  Tater-T

  What Called when a prison is a private company that's funded by the government

  It receives all of its capital from taxpayers and all of its customers from the government which are the same

  So is capitalism supporting the Socialism or is this socialism creating the capitalism
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  Anony Mous

  Infusing the market in case of emergency isn't socialism. Socialism is a state of emergency day in and out, it'd basically mean you're bailing out all thousands of businesses and ventures that fail every year, not just one time to stabilize an economy.

  You're confusing capitalism with libertarianism though, a pure capitalistic country does not exist, the US is libertarian in its policies, there is room for government in some cases but for most of the rest, government (should) stay out of it. However as time progresses, the US has become a lot more socialist, ever since the New Deal and Social Security was established, we've pumped more and more money into the failing system.

  Social Security is a clear demonstration of failed policy - if you were able to invest all your funds into a private fund instead of Social Security, your rate of return would be 4-6x higher - people would retire with, on average, $2M in the bank, instead the rate of return is 2%, barely enough to stave off inflation of the funds you originally 'invested'.