3 ms·

That's simply not true. Democratic Socialism/Social Democracy has been very successful. It's also quite possible that humanity can eventually find a new system

• parineum 2y ago
  The countries you are likely thinking if who say they are those things are still capitalist countries with a touch more of social welfare than other similar countries. There are other countries who claim to be socialist but are just totalitarian dictatorships (not surprising, in order to control the economy, you have to control the people), are lying or both.
  • harimau777 2y ago
    That's just semantics. Whether we want to call them left wing forms of capitalism or moderate forms of socialism isn't really important. What's important is that there ARE nations with successful economic systems that are better than what people call "late stage capitalism".
    • dh2022 2y ago
      These successful economic systems are still based on private ownership rights and the right to assemble (in this context the right to form business partnerships with low exit costs). In other words: the core capitalist building blocks.
      • harimau777 2y ago
        Like I said, what you call them isn't the point. The point is that there are better options than what we currently have.
      • theossuary 2y ago
        That's like saying anything with four tires and a motor is a sedan. Name economic systems (including socialism) have the right to create businesses and own property. Capitalism is ownership of private ventures by an investment class who reap the profits (paying the employees as little as possible); socialism is when companies are owned collectively (most may be owned by employees, some may be owned nationally). Everything else is unrelated.