While there are some theoretical alternatives to capitalism, far from every one of them is practical or even attractive. For instance, anarchism might sound attractive on paper, but actually abolishing the State and potentially even private ownership would lead to outright chaos. And it’s well worth pondering whether this sort of system could survive for long.
A more practical alternative could be a very soft form of socialism where public ownership would replace private ownership in some form and give workers greater rights and input in how the economy is planned out. However, one of the biggest fears there is that this sort of system might, in turn, evolve into communism. And history shows us that this is something that many countries who lived under such a regime would want to avoid repeating.
Anyone who’s opened up a history book knows that communism has led to the deaths of around 100 million people worldwide in a century. To put it bluntly, if history is anything to go by, it’s not a valid alternative to capitalism, no matter how exploitative the latter might be.
#24 Just Got My Bill From The Hospital... Being Charged $426 For This $8 Can Of Pain Relieving Spray.

So what else are we left with? Economic democracy could potentially be the answer. It’s a model where firms are democratically controlled by their employees. Meanwhile, a network of public banks takes charge of investments that affect the entire society. In other words, it’s a way to extend people’s democratic rights to more areas of their lives. In a way, it’s a point between capitalism and socialism without truly being either.
But what do you think, Pandas? Do the pros outweigh the cons when it comes to capitalism? What alternative to capitalism could work out the best? Should we aim to completely reorganize the system? Or should we focus on keeping the current one while making small changes that would improve things for everyone?
#28 Remember: The Royal Wedding Cost £32 Million, Nearly All On Security. Last Year 71 People Burned To Death In The Grenfell Fire In London, UK Because Tory Govt Refused To Spend £5,000 On Fireproof Cladding And £200,000 On A Sprinkler System.

#30 Reminder That Corporations Only Care About Diversity When It Benefits Them










