Comments by "Digital Footballer" (@digitalfootballer9032) on "Ryan Chapman" channel.

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  3. The problem with a system, like socialism, which requires central planning, is people. You must have people whom are elected to organize the central planning, and people by and large are corrupt, or can be easily corrupted. The problem with a system, like capitalism, that is organic in nature (the "invisible hand of the market"), is people. You must trust that in a free market system with little to no central control, that people in the system will act fairly, and while many will, enough will manipulate the system enough that it makes a total laissez faire system a disaster. So there's your problem. It's people. It's always people, regardless of what system you use. Hence why the best solution is to take the best aspects of a multitude of economic systems and implement some sort of a hybrid system. Nobody has quite figured out the perfect mix yet, but in my opinion markets must be free of overregulation, while at the same time, having a degree of control maintaned just enough to prevent unfair market practices. Not an easy task, as those tasked with providing the laws for this regulation can themselves be corrupted and model said laws to their advantage...or just have the right people in the right places to look the other way when they break their own rules. We have seen this in the United States from members of both political parties since day one. Socialism is a government agent coming in your store and taking 90% of your profits to give to the store across the street because they didn't do as well as you. Capitalism is the mafia coming in your store and busting it up because you are operating on their turf. Neither situation is favorable, hence why a middle ground is needed.
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