Socialism: a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Socialism would be a country like USSR. What you are on about could easily be a capitalist country like Denmark. I’m a big time capitalist because I think socialism is inherently unstable and prone to have huge huge inefficiencies as seen in the USSR. You need the market to correct itself. But like capitalist countries like Denmark, Sweden, Switzerland I think the capitalist state should correct the market with externalities and via taxes pay for education, healthcare etc. As time goes on I support UBI and we should start that now. Economists are beginning to push cash transfers as the best means of improvement the welfare of citizens. But this is absolutely capitalism, the free market and capital expenditure by individuals is the foundation of the system.
I have no idea why, at times, Americans do not understand the word socialism. Plenty of people in European capitalist countries died to try get out of a socialist system or to avoid it. Yet some Americans say they are socialist. It’s crazy and disrespectful.
Socialism: a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Socialism would be a country like USSR. What you are on about could easily be a capitalist country like Denmark. I’m a big time capitalist because I think socialism is inherently unstable and prone to have huge huge inefficiencies as seen in the USSR. You need the market to correct itself. But like capitalist countries like Denmark, Sweden, Switzerland I think the capitalist state should correct the market with externalities and via taxes pay for education, healthcare etc. As time goes on I support UBI and we should start that now. Economists are beginning to push cash transfers as the best means of improvement the welfare of citizens. But this is absolutely capitalism, the free market and capital expenditure by individuals is the foundation of the system.
I have no idea why, at times, Americans do not understand the word socialism. Plenty of people in European capitalist countries died to try get out of a socialist system or to avoid it. Yet some Americans say they are socialist. It’s crazy and disrespectful.