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Or, also relevant to HN, increased entrepreneurship. Removing the risk of total loss would be huge for encouraging people to try new things.


The funny thing is that entrepreneurship doesn't flourish in socialized countries as well as in capitalist ones


How do you define a socialized country?

If your going to talk about a socialist country you may have a point. But unfortunately I think your going to find you dont have as much evidence as you thought you did, should you do some research.

The most productive level of intellectual growth in the history of mankind has consistently come out of groups of people who have been 'freed' from the burden of worrying about their 'next meal' so to speak. From renaissance era patronage through to the modern trends you see with the flow of capital in California.

Socialized != Socialist.

A centrally planed socialist economy has no place for entrepreneurship at all, ergo it will be suppressed and not flourish. A socialized economy is one where all citizens are invested into the social fabric of society, for instance I have a level of free health care here in Australia, but I choose to work and pay for a higher level of medical care and I am free to do so. This is a socialized system, a socialist one would deny my right to chose a higher standard via some logical argument about the higher standard I want to pay for being excess capacity that should be redistributed to all.

I hope this brief illustration helps clarify some things to anyone else that might be having trouble seeing a clear difference between socialist and socialized.


Though there is an implicit assumption here that entrepreneurship is inherently good.


Can you please provide the definitions of "socialized" and "capitalist" countries that this claim is based on and the evidence that it is true?


You see a massive spike in entrepreneurs by age group at the medicaid eligibility line.




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