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Um, yes, this is a nominally capitalist nation. In a socialized or communist nation, you would expect all national infrastructure, if not all means of producti
by toss1 7y ago
Um, yes, this is a nominally capitalist nation.
In a socialized or communist nation, you would expect all national infrastructure, if not all means of production, to be nationalized, i.e., owned & run by the govt.
In a capitalist society, not only the means of production but many critical national infrastructure structures and services can be owned and run privately.
E.g., power & telecom companies are regulated monopolies. Some roads have been privatized so the company builds & maintains them, utilizing some of the toll money. Lotteries are often private companies running state-sponsored games. In the US, there are private prison operators. Many hospitals in US are private. And of course many of the airports are similarly privately owned.
Obviously results and benefits vary widely by industry and operation.
- mort96 7y ago> In a socialized or communist nation, you would expect all national infrastructure, if not all means of production, to be nationalized, i.e., owned & run by the govt. While the gist of your point is correct, I feel I should mention that socialism or communism doesn't necessitate that the means of production is nationalized and government owned. The means of production could just as well be owned by the workers, not the government.
- vixen99 7y agoYou mean rather like the workers who ran the USSR in its heyday. And if you believe that ...
- mort96 7y agoWhere did I claim workers ran the USSR?
- toss1 7y agoYa, good point. Probably should have said "owned & run by govt or worker collective". OTOH, depending on how it is run, the worker collective could be just effectively local govt. Seems we're getting down to splitting hairs...