To avoid quibbles about the meaning of words, let me first make the following definitions. 100% Capitalism is an economic system in which all property and means of production are privately owned. 100% Communism is a system in which all property and means of production are owned by no one at all; in other words, they are simply commonly shared. I maintain that neither system is feasible.
Imagine a 100% Capitalist system. Someone owns every stretch of road and every stretch of sidewalk. Every time you enter another "landlord's" stretch of street or sidewalk, you may well have to pay a toll. Is this tenable? Of course not.
And every time you want to take a jog on a running track that currently exists because of park service efforts, you would have to pay something. Your fat friends would be richer than you are.
But if no one owned anything, no one would be motivated to improve the quality of anything. When a street light burns out, who would replace it? No one.
2006-10-05
06:27:50
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8 answers
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Anonymous
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Economics