Capitalism vs. socialism

In capitalism, you have the wealthy, middle class, and poor. It is considered evil by socialists, who prefer an economy where everyone is poor except for a tiny well-to-do ruling class. When members of the well-to-do ruling class need reliable health care, they go to capitalist countries. That intellectual elites tend to espouse the virtues of socialism is best expressed by the Steely Dan lyric, “The things that pass for knowledge I can’t understand.”

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