4 ms·
I live in Denmark, I have a fairly good idea of what social-democracy looks like. "Intensely planned" means something like the USSR's five-years plans, and gen
by mercurial 11y ago
I live in Denmark, I have a fairly good idea of what social-democracy looks like.
"Intensely planned" means something like the USSR's five-years plans, and generally comes with state ownership of all companies. As far as I know, that's not what's happening in the Middle-East.
- WildUtah 11y agoI'm glad you understand the difference. As you can see from my link, some people are confused about what socialism is. You need a special personal connection to the insider elites to run major companies in most of the Middle East. The decisions about economic initiatives and major industry are made by a small politbureau, though it isn't called that. A privileged class controls vast wealth and power over the lives of subjects for personal pleasure, though it may or may not be in their own personal names, just like under Communism.