this post was submitted on 10 Nov 2023
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Capitalists would argue that between capitalism and socialism, capitalism is the one that better accounts for greed, as it generally has laws to con strain it but otherwise uses it to generate all the production that's the hallmark of modern society, division of labor, economy of scale, technological advancement, etc. Socialism doesn't really deal with greed, it just sort of wishes it away. That's why so many societies that have started down the socialist path have become at best poor and at worst authoritarian murder factories like the Soviet Union, Maoist China, Chavist Venezuela, the Khmer Rouge's Cambodia, etc.
Communism quite literally exists to mitigate greed, and there is nothing stopping Capitalist countries from becoming authoritarian Murder Factories like Modern Russia, The United States, Britain, France, Belgium, and countless other examples of colonial powers that have exploited and murdered native populations. Billionaires get arrested and taxed all the time in modern China. While they almost never suffer the same fate in Capitalist countries.
No European country or the US is anything like Cambodia under the Khmer Rouge. Orders of magnitude different.
They don't get arrested for the reasons you or I would arrest them, they get arrested for crossing the CCP. Billionaires do face punishment in the capitalist West.