A 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 on

A 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?