Birdwatch Note Rating
2023-03-16 16:42:01 UTC - HELPFUL
Rated by Participant: 7049F1388ECB7675B4DA86EE4998790D97FA3A9D686E9EFE5067E446A8A9A596
Participant Details
Original Note:
Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources. Capitalism does not preclude charity or helping others voluntarily. https://www.investopedia.com/articles/personal-finance/082415/pros-and-cons-capitalist-vs-socialist-economies.asp#:~:text=Capitalism%20is%20based%20on%20individual,combine%20elements%20of%20both%20systems. https://reason.com/2022/12/28/charity-and-capitalism-are-better-than-government/
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