I just wrote this comparison in a comment on my earlier post about saving society with handcuffs:

Here's how I see it.

Capitalism: high average growth, but with lots of intermediate volatility that enriches some and makes others destitute (generally due to their own choices).

Socialism: low average growth (historically negative) but with less volatility until everything collapses due to demographics.

Basically socialism seems like a graceful way to spend down your societal capital as your society dies off.

I like it enough to it quote myself!

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