Comments by "Chompy the Beast" (@chompythebeast) on "Hakim"
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@MinecraftFleischer Your framework is entirely mired in that of capitalism. Yes, as others have pointed out, under capitalism, your description is accurate. Under a centrally-planned socialist economy, however, CEOs and capitalists are not the ones deciding how society's amassed wealth will be directed, but the people and the state, with careful consideration not for the profit of the few but for the benefit of the whole, make those choices instead. Gone, then, is the fear of capitalist venture and its potential associated loss, gone is the very motivation and source of that fear, and in its place, industry is aligned to more productive, less wasteful, less selfishly-inclined ends.
In short, capitalists ("businessmen", as you call them, though of course business will still require professional laborers even after capitalism's end) will neither be fronting their money for research nor making those decisions themselves, but the state and the people will. The idea that individual sectors of the master class, locked in ruthless competition with each other as they are, are somehow better decision-makers for all of society is a fantasy that is immediately dashed with even a cursory examination of wealth inequality and the ongoing existence of hunger, houselessness, and all other symptoms of poverty. Real democracy doesn't look like empowering gangs of plutocrats and oligarchs, it looks like a worker's state making choices with the input and for the direct benefit of the people.
One would have to pull out some very tongue-worn boots indeed and evince a love of dead-on-arrival "Reagonomics" (aka Neoliberalism) to argue that somehow society is safer in the hands of the wealthy few than in the hands of all of us. One might as well try to sell me on fealty to the Divine Right of Kings while they're at it at that point
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