MoiseHnkel on 09 April 2014
| ToxicJosh said: I'm sorry badgenome but I completely disagree. Socialism is where the means of production are held in common. Where the means of production are in private hands, that is Capitalism. And although you're quite right that there are degrees; such as in the UK pre-Thatcher, where some industries were state owned and some private, the minimal amount of control that the US government exerts on its economy in no way qualifies as 'socialist'. The twin economic theories of capitalism and socialism concern themselves with the ownership of capital, not the management of an economy. (And realistically, who else, other than the state could manage an economy?). In fact, in modern Western Democracies it is entirely fair to say that private corporations exert more control over government than vice versa (via lobbying, political donations, etc.). |
You Sir Know what you re talking about. *insert Applaud Gif*
