The problem is that you can use wealth and power to chip at (or on a good day take a sledgehammer at) those checks and balances, resulting in an inevitable shift form social democracy to fascism. Checks and balances are addons you layer onto the economic system at work that can change its workings to an extent but not fundamentally alter it; they can’t be core to the system due to their very nature. That’s why socialists (which, BTW, socialism is a wide category of systems characterized by the lack of private property and accumulation of wealth, not one particular system) call for the complete abolition of capitalism; whether you agree with that or not “but checks and balances” isn’t an adequate response.
It doesn’t because the power and needs of the many are aligned in socialism and that’s not the case in capitalism
Within capitalism you need checks and balances so that the ruling class aka capitalist class doesn’t put their “needs” (more like desires”) above the needs of the majority
Within socialism the ruling class is the majority by definition they can’t exploit the system in their favor because that’s literally how it’s supposed to work.
I get that in a utopian society, you are correct. But it’s not impossible for somebody to gain power and abuse this system. The socialist society would need to set up rules to prevent this from happening.
Ofc but those rules are there by design and are natural to the system
If the many have the control then it is hard for any one individual to gain control and rig the system for himself, because the many can kick him out
With capitalism you don’t have this natural control. You put in checks and balances that will fail eventually as they always did and then you’re screwed.
If the many have the control then it is hard for any one individual to gain control and rig the system for himself, because the many can kick him out
Have you never witnessed “the many” being manipulated by a small number of people into doing things that are against their best interest? There is nothing “natural to the system” that protects against this. It is just hope that the many will stay aligned with the goal of the system. And that each generation keeps this alignment.
You build your system on a set of rules, but then you need to maintain that system. If you don’t, the system will warp.
The problem is that you can use wealth and power to chip at (or on a good day take a sledgehammer at) those checks and balances, resulting in an inevitable shift form social democracy to fascism. Checks and balances are addons you layer onto the economic system at work that can change its workings to an extent but not fundamentally alter it; they can’t be core to the system due to their very nature. That’s why socialists (which, BTW, socialism is a wide category of systems characterized by the lack of private property and accumulation of wealth, not one particular system) call for the complete abolition of capitalism; whether you agree with that or not “but checks and balances” isn’t an adequate response.
My point is that even socialism needs checks and balances. And everything you said applies even to Socialism.
It doesn’t because the power and needs of the many are aligned in socialism and that’s not the case in capitalism
Within capitalism you need checks and balances so that the ruling class aka capitalist class doesn’t put their “needs” (more like desires”) above the needs of the majority
Within socialism the ruling class is the majority by definition they can’t exploit the system in their favor because that’s literally how it’s supposed to work.
So no, it’s very different
I get that in a utopian society, you are correct. But it’s not impossible for somebody to gain power and abuse this system. The socialist society would need to set up rules to prevent this from happening.
Ofc but those rules are there by design and are natural to the system
If the many have the control then it is hard for any one individual to gain control and rig the system for himself, because the many can kick him out
With capitalism you don’t have this natural control. You put in checks and balances that will fail eventually as they always did and then you’re screwed.
Have you never witnessed “the many” being manipulated by a small number of people into doing things that are against their best interest? There is nothing “natural to the system” that protects against this. It is just hope that the many will stay aligned with the goal of the system. And that each generation keeps this alignment.
You build your system on a set of rules, but then you need to maintain that system. If you don’t, the system will warp.