Basic premis of Capitalism vrs Socialism

[RGacky3]

I think the basic problem with Capitalist theories, as opposed to Socialist ones, is the assumption that Capitalism has that Economic activity is an individual endevor, whereas Socialism understands that it is neccessarily a social endevor.

That is why capitalists see property rights as an individual right, and a non-negotiable inaliable right, whereas all socialists (from social-democrats to Communists) view property rights as subject to social constraints (since it is neccessaly a social issue).

This is the major flaw of libertarianism, and all capitalist economic thought, just this basic failure to understand the nature of economic activity as a social process.

[Skooma Addict]

People generally engage in economic activity for their own gain. The fact that society gains as well is only a side effect.

[RGacky3]

People generally engage in economic activity for their own gain. The fact that society gains as well is only a side effect.


That has nothing to do with how you organize economic activity.

[ComradeMan]

People generally engage in economic activity for their own gain. The fact that society gains as well is only a side effect.

And what is society if it's not a group of people?