It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
And how do we know which industries would benefit most from capitalism or socialism? All industries experience diminishing returns of capital investment after a certain point, and that is how Marx made the distinction about which mode of production is “best” for which industry. It isn’t inherent that one industry should be socialist and another capitalist, it is relative to how big the industry is and whether there is room for continued expansion.
One of the easiest ways is to determine which industries are most prone to the failures of the market.
Things that are inherently monopolies like roads, or power lines or things that don’t allow reasonable consumer information/choice like healthcare, etc.
You sound like Marx just before he recommends transitioning to socialism as the next logical stage of human development.
I still think that regulated capitalism works best for certain industries, and socialism works best for others.
It doesn’t have to be an all or nothing choice.
And how do we know which industries would benefit most from capitalism or socialism? All industries experience diminishing returns of capital investment after a certain point, and that is how Marx made the distinction about which mode of production is “best” for which industry. It isn’t inherent that one industry should be socialist and another capitalist, it is relative to how big the industry is and whether there is room for continued expansion.
One of the easiest ways is to determine which industries are most prone to the failures of the market.
Things that are inherently monopolies like roads, or power lines or things that don’t allow reasonable consumer information/choice like healthcare, etc.