Comments by "Hermit Oldguy" (@hermitoldguy6312) on "National Socialism WAS Socialism | Rethinking WW2 History" video.

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  8. So far as I can see capitalism is about the creation of wealth and socialism is about the use of wealth. I define capitalism as the wise use of wealth to create more wealth. The basic unit of wealth is food (or energy), so capitalism is a product of nature. The Cheetah must gain more energy from its food than it used in catching it - and that's true for all animals. To survive, you must gain as much as you use. To grow, you must gain more than you use. To feed the wife and kids, you must gain even more. To improve your standard of living, you must gain even more. To contribute to social capital projects (eg, roads) you must gain even more. I define Socialism as the distribution of wealth to maximise the common good. The family unit is socialist; dad creates the wealth, mum distributes it according to need, etc.. The first problem that arises is that dads must compete in their efforts to garner wealth. Nature says "kill thy neighbour, steal his stuff." Competition breeds conflict, and conflict destroys wealth. Otoh, nature says "many hands make light work," and "your neighbours' kids are your own kids future spouses". Peace is desirable, so regulation of competition (and violence) is desirable - ie "government". How much government do men want/need? None = anarchy. Little = liberalism. Lots = fascism. All = absolute tyranny. That's the realm of politics - the degree to which we will enslave ourselves to spite each-other. Capitalism and socialism are not competing economic systems. The antithesis of capitalism is waste (the broken window fallacy.) The antithesis of socialism is waste. (Give the kids an equal share of dad's profits and they'll just buy sweets and toys.)
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