People say capitalism is efficient, yet Twitter has around 5,OOO employees while Mastodon was built pretty much single handedly by Eugene Rochko. Today, Mastodon provides a strictly superior user experience with only a handful of contributors.
Majority of effort at Twitter is directed towards things like ads and tracking that are actively harmful from user perspective. Meanwhile, the core functionality of the platform that benefits the users can be implemented with a small fraction of the effort.
Seems to me that capitalism is actually far more inefficient than open source development in practice.
I personally lived in USSR so I have a pretty good idea of what life there was actually like. There is also plenty empirical research comparing USSR to Western countries. Here’s a paper mostly relying on Western sources. Having experienced both communism and capitalism, I strongly prefer the former.
I fundamentally disagree with that. To me socialism means that the resources and labour are primarily focused towards creating social value. Things like cooperatives improve the situation over traditional companies, but they don’t address the fundamental problem of majority of the labour in society being directed towards creating profit and only creating social value incidentally. I reject the idea of capitalism at its core. I think that the only necessary work that exists should be essential work that’s necessary for the society to function, and this kind of work should be minimized. People should be freed to spend their lives in a way that makes sense to them, and that’s not possible to do within the framework of capitalism.