Economics

cryptoleft

https://indi.ca/how-communism-is-obviously-outcompeting-capitalism/

Under communism the community is most important whereas under capitalism it's capital. The difference between communism and capitalism is not that hard to understand, etymology is enough

The problem is that capital is not actually very good at allocating capital. As Biggie said, one should never get high on one's own supply, which American capitalism has been doing since the massive deregulation of the 1980s

The US government was just reacting to crises, but ended up creating a conundrum that they can't get out of. Their whole economy is a giant Ponzi scheme and there is no reverse Ponzi. In this oligarchic system, the only purpose is make line go up, to keep the high going as long as possible.

Under communism a private entrepreneur came up with DeepSeek out of pocket, while under capitalism the President had to stand next to Sam Altman, holding his hand. What's going on here?

The problem again is that capital is not very good at allocating capital