3 ms·
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 tha
by 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 agoThese 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 agoLike 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 agoThat'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.