It’s a little silly equating one (albeit learned and genius) guy’s opinion as something which will work across the board for everyone, everywhere. There’s nothing democratic about socialism, just as there’s nothing democratic about the unregulated and oligarchic capitalism we have today.
At a very simple and human level, there are a number of explanations for why some elites and intellectuals gravitate towards socialism, this has been discussed to death in many places, but here’s an accessible article.
https://iea.org.uk/why-intellectuals-are-so-upset-by-the-injustices-of-capitalism/
To add some economist perspectives, here’s another article
What I find interesting from the above article is that China currently does very efficient market socialism, which tbh if the U.S. was to implement would make the U.S. a more powerful economic force to contend with. The caveat will be that U.S. citizens will no longer have the right to means to production, or land ownership. Such systems have no respect for individual liberties. The relative rate of poverty and inequality in the U.S. does not merit this kind of shift versus what it sacrifices.
The only countries which have issues with capitalism are the economic loser countries. Here’s the problem though, there are so many examples of countries which could have been economic losers, but instead turned it around for them because those countries had good sense and controlled their levels of corruption. The only people in countries who have problems with capitalism are the economic losers. The best way to correct those woes is through taxation and social programs, not a forced or authoritarian formula of break-shit-and-take-shit.
Edit I won’t respond to any comments to my post, I just don’t have the time to poke at this today lol, but don’t take my no response as a signal of agreement, just saying
/lazyposting