I watched a TV program some time ago and it was discussing how communism and capitalism changed each other. Socialism eventually became more capitalist as in China, and capitalism developed social programs, so eventually a balance is being achieved.
Keep in mind one thing, though- the E. Euro countries as well as the USSR were' not' living under communism- they were living under a very dictatorial variety of socialism. They had a party at the helm that called itself Communist and had a hammer and sickle on its banner, but its goal was to 'attain' Communism and they were still very far from it when the system collapsed. So, the best they could do was to achieve a militaristic, despotic style of socialism with one party and a non competitive industry and agriculture which did not work as well as in capitalism. It was not customer-oriented, and resulted in a society with empty shelves and horrible customer service and a bloated bureaucrat elite supported by a huge military with nuclear weapons.
The only pure communism was attained in the Israeli kibbutz system but it is not a government system and you could quit it any time you wanted and go back to capitalism. A wacky variety of communism was in Pol Pot's Cambodia in the 1970ies. Even in North Korea, there is money and communism isn't supposed to have money.
So, for all the decades of the media screaming about the commies, they were ( or have been) in fact "socies", not commies.
If you lived in Karl Marx's times you would have seen a pure capitalist system and believe you me, you would want to change it. too. It was nasty and brutal and extremely selfish and exploitative. Poorer people had no chance to advance at all. Capitalist China was also very brutal with young girls being sold to whore houses and the rich acting like all powerful kings. The same happened in Cambodia. The vicious class hatred towards the ruling a##holes resulted in communist revolutions.
In many 3d world countries today you have pure capitalism and it is very inhumane and gives poor people no hope to ever succeed and improve their lot.
The conclusion of the Cold War and all these "experiments" that resulted in the deaths of hundreds of millions is simple- you cannot have either pure capitalism which is very cruel and results in a small ruling elite of a##holes, and masses of indigents, nor can you have pure socialism because it is not dynamic and again results in a small elite of a##holes- the ruling party, with a dull and stagnant economy in which people are not motivated to work and/or produce. And it also proved that communism as a government system was not attainable.
So, you need private enterprise and private property and the stock market, but at the same time, you need a safety net for those less fortunate and grants and loans so that people can move up in their social standing. You need an affordable medical insurance, you need an education that is cheaper or heavily subsidized so that an average person can improve him/herself.
Europe has attained some kind of balance, and so did many oil-based Arab economies of the Gulf and both are still works in progress. But once a society is too socialist as in Greece, or too capitalist as in Somalia or El Salvador, it results in economic, social and political disasters.
onezero4u wrote:haha is that a joke?....ferraris and mercedes are made by socialists....
i always thought they were private corporations with stock holders.
a better example would be the "yugo"
Of course they are made by capitalist corporations but these are located in societies where workers are not treated badly, where they cannot be fired or laid off at a whim, and where they can have a really good, prosperous life in exchange for their work. They are made in nations that have safety nets and a healthy combination of both systems.
One of the main indicators that Europe is doing better is in the fact that there are very few Europeans immigrating to the US. They used to in the past and they built the USA as such but now only the people from countries who are either too socialist or too capitalist are the ones immigrating. The US and its social programs are attractive to Mexicans and El Salvadorans and its health industry is attractive to foreign nurses and doctors from Asia or E. Europe. But you do not have Brits or Germans trying to sneak across the border to make money in the US.