alt Hacker News> Socialism's track record is pretty bad.
There aren't many pure socialist countries like there aren't many (any?) pure capitalist countries. Most of Europe operates in mixed mode, half socialist. Some countries are very bad (and against) at implementing any measures that directly benefit the lower classes (as opposed to the typical capitalist "trickle-down economics") so they vilify anything that has even the faintest smell of socialism.
> They're always running out of other peoples' money.
I wish people would stop parroting this as some sort of deep insight. Capitalists don't run out of other people's money but they do collect all of it. Ask the capitalists who sink other people's investments with no recourse. Ask the capitalists who get funded from people's pension funds, with "interesting" IPO strategies. Don't turn a blind eye for the sake of a remark which was witty a few decades ago and sounds just ignorant today.
> Capitalists don't run out of other people's money but they do collect all of it
No, they don't "collect all of it". Musk's trillion dollars was created, it was not "collected".
> which was witty a few decades ago and sounds just ignorant today.
Countries that turn to socialism are always running massive deficits paid for with inflation. American states and cities that lean into socialism are all having major problems with running out of money and raising taxes.