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I can not think of a country that does not have a mix of private and public ownership of production/distribution. What should we refer to those countries as?
by fyolnish 9y ago
I can not think of a country that does not have a mix of private and public ownership of production/distribution. What should we refer to those countries as?
- beaconstudios 9y agogovernment does not equal socialism. Socialism is against private ownership of the means of production - an economy that permits private ownership of the means of production is capitalist. The few industries that are nationalised are not held in common by the people and managed democratically - they're owned by the government who try to manage it the way they think the people would want it. That's what's commonly referred to as state capitalism.
- fyolnish 9y agoAnd capitalism is against public ownership of the means of production. Any country that does both, has an economy that is neither purely socialist nor capitalist. I personally would not want to live in a purely capitalist, nor a purely socialist state. (Sidenote: State capitalism and market socialism are essentially the same thing)