Comment on Luigi Mangione Content Is a Challenge for Social Media Moderators - B…
DdCno1@beehaw.org 3 days agoYou’re forgetting that these countries also have among the highest economic freedom in the world, protect personal property and investments, provide a stable and reliable environment to conduct very capitalist business. The economic system is capitalist, not socialist. There is no planned economy, most industries are in private hands. Strong regulation keeps capitalist excesses in check as you’ve correctly identified, while the high taxation levels the playing field by financing a robust safety net and other government services everyone benefits from.
In Germany, the term for this kind of system is social market economy, with social being a qualifier and market economy the system.
t3rmit3@beehaw.org 3 days ago
So, still not Capitalism tho
DdCno1@beehaw.org 3 days ago
Only a Sith deals in absolutes. Nearly every real-world economic system sits somewhere on a spectrum instead of neatly slotting into one category only.
t3rmit3@beehaw.org 3 days ago
Sure, but the difference is that they (European countries) do not profess to be staunch Capitalists, whereas by large America does. That is a big difference, because it informs policy drastically. There’s a reason we’re much much closer to a corporate oligarchy than European nations are, and it’s our idealization of a system that literally is based around Corporatism.
DdCno1@beehaw.org 3 days ago
This is incorrect. When the concept of the social market economy was first brought to the public attention by the conservative German CDU in the late 1940s, it was meant to be a counterpoint to the “unsocial command economy”. Being staunchly anti-Socialist was a core policy of most large democratic parties in Western-European countries, not just West-Germany, as a reaction to the massive and very close threat from the East. Relations only began to thaw in the 1970s, only for the Cold War to heat up in the 1980s.
Yes, I know, this is the past and today, things are different in terms of rhetoric on the old continent, but this was when the economic systems that are still in place today were created.