L.A. Times editorial eviscerates Trump

There are many societies in Africa which are totally socialistic. Everything belongs to the village. Everything is shared. I don't know what the ratio of people in industrialized nations is to people in socialist villages is exactly, I think I heard most people in the world don't have running water. Perhaps industrialization hastens the capitalistic urge and suppresses the socialistic tendency. I know my family that has immigrated to USA from Africa were unbelievably relieved on a picnic when they were not expected to share all the food with other families at the park. All my facts are anecdotal, and that's the richest kind.
As a matter of fact, communism also worked well for the Iroquois. I am tempted to conclude that socialism may work best for tight knit groups of people. But then I'm on thin ice. Lets stick to what we in the U.S. are part of, a modern family of industrialized nations. Anecdote is for entertainment, what's true in general is for setting policy.

Don't quote me. This could easily be dead wrong. But life's experience has left me thinking capitalism is most easily embraced by those cut off from their human roots. This seems consistent with your observation that perhaps industrialization hastens the capitalistic urge and suppresses the socialistic tendency.
 
As a matter of fact, communism also worked well for the Iroquois. I am tempted to conclude that socialism may work best for tight knit groups of people. But then I'm on thin ice. Lets stick to what we in the U.S. are part of, a modern family of industrialized nations. Anecdote is for entertainment, what's true in general is for setting policy.

Don't quote me. This could easily be dead wrong. But life's experience has left me thinking capitalism is most easily embraced by those cut off from their human roots. This seems consistent with your observation that perhaps industrialization hastens the capitalistic urge and suppresses the socialistic tendency.
So now all we have identify is the problem capitalism or industrialization? I must be a city boy because capitalism sure does come natural for me.
 
https://www.adamsmith.org/blog/philosophy/debating-the-death-of-capitalism

just one of many

didn't google University Capitalism Festival
Your a reasonable person. Something I can't say for a few of our ET colleagues. You will have to admit that a special event at the Adam Smith Institute would hardly be representative of the general stance of professors at American Colleges and Universities regarding the relative merits of socialism and Capitalism. The students came down on the side of capitalism, and I would guess that more or less reflects the general position of their Professors. But we shouldn't conclude anything in particular from this. As a factual matter you'll find both capitalism and socialism are given their due at Colleges and Universities.

Good schools are not there to make drones of their students. You'll have no trouble telling which of your ET colleagues are well educated, and which ones are not. It has not to do with their politics, but rather with their reasoning skills. But even more, it has to do with recognition of their own fallibility. The latter is a dead giveaway. The greater the depth of one's own knowledge, the greater one's awareness of their own fallibility.
 
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