Concentration of power with those "social services", making people pay higher taxes many times for unfair reasons. Socialism has all the power on the State with no or little room for individuals themselves to make their businesses and companies, companies that'll thrive will be friends with the king and create a monopoly in that country. Putting everything in the hands of the State is a recipe of disaster.

[–] christiansocialist@hexbear.net 6 points 1 year ago (4 children)

Socialism has all the power on the State with no or little room for individuals themselves to make their businesses and companies, companies that'll thrive will be friends with the king and create a monopoly in that country.

China has tons of small and big businesses and it's still socialist.

[–] Milk_SDF_Possum@lemmy.sdf.org 2 points 1 year ago (1 children)

Chinese companies are basically extensions of the government.

[–] OutOfIdeas@lemmy.sdf.org 1 points 4 months ago

Most corperations are, in any country.

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