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Denmark and all other industrialized nations on this planet are capitalist. They may have some socialist leanings such as providing myriad welfare services, bu
by notdrunkatall 13y ago
Denmark and all other industrialized nations on this planet are capitalist. They may have some socialist leanings such as providing myriad welfare services, but their governments allow private entities to own property and to control the means of production, therefore they are capitalist.
- msh 13y agoA country is not either capitalist or socialist, its a matter of degrees. Some parts can be capitalist some parts can be socialist. Some countries go more to one end of the spectrum than others. You can have private ownership of the means of production but that don't automatically give capitalism, capitalism also requires a market economy. You can have private ownership of the mean of production without having capitalism. If you take the definition of market economy from wikipedia: (http://en.wikipedia.org/wiki/Market_economy http://en.wikipedia.org/wiki/Market_economy) >Capitalism generally refers to economic system where the means of production are largely or entirely privately owned and operated for a profit, structured on the process of capital accumulation. In general, investments, distribution, income, and prices are determined by markets.< What if distribution, income and prices are largely determined by the state but investments are not?
- dionidium 13y agoDenmark allows private entities to own property, so it's capitalist. Denmark's largest oil company is state-owned, so it's socialist [0]. Or, maybe more nuance is required. [0] http://en.wikipedia.org/wiki/DONG_Energy http://en.wikipedia.org/wiki/DONG_Energy
- TheCoelacanth 13y agoDenmark, like most of the rest of Scandinavia, has a mixed economy. A large portion of the economy is privately owned, but a large portion is also publicly owned. It is neither purely capitalist, nor purely socialist.