Maybe, but “profit” can mean “just lead a basic live with basic dignities instead of being in abject poverty”
And I think social democracy (which we need to fix) is the answer to that.
I think a lot of people like to LARP they’re the rebel alliance that’re going to defeat the evil empire and the ewoks will celebrate, not remembering the last few times the ewoks ended up first on the trains (purges, holodomor, GLP/CR, Khmer Rouge).
At the end of the day, in power structures, without a firm mechanism to counter, the most evil people generally rise to the top. Very familiar with this in my actual life experience which I’m going to guess most MLs don’t have.
For instance, after the McD merger, marketing and finance execs slowly displaced engineers at the top and steered the companies away from doing their jobs and towards what you could call “ideological purity”, ie short-term cash at any cost. Intel was similar, as was the USSR and PRC.
In the west, those companies are a smaller part of a whole, and if things go properly, they fail, an example is made, hopefully new management is brought in to replace them and recover the company.
In an authoritarian regime the whole country sinks or swims, hence NK is screwed. Russia actually had a great renaissance under Khrushchev, who helped recover most of the worst damage wrought by Stalin, until the idiot Brezhnev struck for ideological purity again and destroyed all that work. Gorbachev looked to be trying to fix that, but it was far too late.
Communists fail because they demand all eggs be under one basket, and as Rome showed us, you can have good Emperors, you can’t have unlimited good emperors, sooner or later you’ll get a political moron like Brezhnev or Xi and everything will fall to pieces.
It’s why capitalists go on and on and on about “diversifying your portfolio” so no one bet ever kills you.
And I think social democracy (which we need to fix) is the answer to that.
Most of Europe has a social democracy. Let’s just say: it’s not going too well. Especially when considering the rise of far right talking points (Looks at France, Netherlands, Germany, Italy, Sweden, Austria, Hungary, …).
I’m brown and live in Europe and America, it’s going fine, a hell of a lot better than anywhere else, particularly the shithole that is CCP’s China.
Taiwan is doing pretty well though.