this post was submitted on 16 Sep 2023
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Capitalism doesn't have to be a liberal democracy. The sad truth is that authoritarian capitalism, while being something people don't like, is very effective when it comes to economic growth (just look how China turned into a superpower because of it).
Does this mean that capitalism more or less goes hand-in-hand with 'fascism', or is authoritarianism/totalitarianism/liberalism separate from economic systems such as capitalism, socialism or communism?
Speaking of which, assuming that communism is an optional later stage of socialism (which seems to be the consensus), the vast majority of socialist/communist countries have failed due to reasons related to their totalitarian/authoritarian governments, either due to the leader's death causing power struggles or the oppression going completely against the goals/ideals of socialism or communism and turning it into an oppressive state.
Does this mean that communist/socialist state cannot work because it requires totalitarian regime to establish authority and make everyone play by the rules? Well, no, there were lesser known attempts such as Salvador Allende's Chile (was very successful for a year, but failed due to CIA running propaganda compaigns, strikes and promoting a coup) and Paris Commune, they both were liberal as opposed to authoritarian, but failed due to mostly outside/external factors.