3 ms·
>government structures the economic regime to favor the interest That's it. If there's central planning(no matter to whom) it's socialism. And, regarding 'lock
by dovereconomics 11y ago
>government structures the economic regime to favor the interest
That's it. If there's central planning(no matter to whom) it's socialism. And, regarding 'lock-in advantages', without a government-backed credit expansion, it'd be really difficult for companies to get as much market cap.
- dragonwriter 11y ago> If there's central planning(no matter to whom) it's socialism. No, the dominant system of the developed world in the 19th Century that socialists reacted against and coined the word "capitalism" to describe isn't socialism.