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I think their overall point is that it's possible to have sectors of the economy non-privately owned. Healthcare is a common one, but there's others - power gen
by ryanbrunner 6y ago
I think their overall point is that it's possible to have sectors of the economy non-privately owned. Healthcare is a common one, but there's others - power generation, transit, education, etc.
If your definition of socialism is that absolutely all sectors of the economy are non-privately owned, then even places like Cuba don't qualify.
If your definition of capitalism is that absolutely all sectors of the economy ARE privately owned, the U.S. isn't a capitalist country.
- rjtavares 6y agoThank you, that was exactly my point.