Communism vs capitalism, quantified in one table.
Obviously there are different communisms and different capitalisms, different histories and different cultures, and many variations in individual experience (monetary and non-monetary). So information is lost in projecting all that down to just one number. But there’s definitely something to this capitalism thing.
A factor of 10-20 difference in money necessitates a very strong counterargument.
- Not just “Money isn’t everything”,
- not just “Selfishness is bad because it is”,
- not just “But the Great Recession”,
- not just “Banksters”,
- not just “Economic theories neglect stuff”.
Something about the disorderly price system is working; we think we have some vague sketches of why; that’s not an argument for predatory, parasitic, dog-eat-dog, regulatory-capture free markets; but it does suggest that ≥some aspects of capitalism are worth using.
via @delong
