Advocates of ridding the marketplace of government regulation and publicly funded services have argued that capitalist competition is best for society. However, the chaos we are experiencing in the midst of the Covid-19 crisis is disproving this idea.
The irrational and destructive competition among states, hospitals and the federal government for ventilators, protective gear and now safe and effective immunity testing shows there is no “invisible hand of the market” guiding society for the common good. Instead the need for planning, that includes frontline workers, is evident.
Under socialism, this would be rule number one. In place of politically motivated bureaucracies, working-class people would be empowered to run the economy. No doubt we could do a better job than the Trump administration and the far right, billion dollar backers of the MAGA crowd.