To further clarify, most European countries have capitalist economies with socialist governance. And it's a great balance!
On the one hand, companies do their best to make products, compete and profit. Within regulations. But there is huge potential for abuse and growing iniquity.
On the other hand, you have a government that (theoretically) is looking after the needs of the population at large and, through taxation (which is theft either way, but let's not digress), regulation and social programs, balances out the tendency of capitalism to steal all the wealth created and put it in the pockets of a select few.
For decades, this has worked perfectly in most of Europe, Canada, and many other nations. However, as we all know, (((they))) seek to destroy us and infiltrated themselves everywhere, and now governments are the puppets of the super-rich, which (((they))) control, and as such, this system has broken down.
For many decades, life was better in most every country built on this capitalist / moderate socialism model than those adopting anything else.
[–] lettersofmarque [S] ago
I have no beef with regulated capitalism, but many people do much much worse in the name of socialism and call themselves socialist as such. Maybe you should tell them they are using that word incorrectly.
[–] lettersofmarque [S] ago
But you have THE correct definition? Is Venezuela incorrect in self describing itself as socialist?
[–] Horrux ago
It's not what I have. There are many billions of people on this planet and the VAST MAJORITY of them recognize "socialism" to mean precisely what I say it does. Not because I say it, but because that's what IT IS. For example:
https://philosophyterms.com/socialism/
I did not make that site. I am no expert on Venezuela, but I understand you are trying to tie in heavy political crap into this conversation which has NOTHING WHATSOEVER to do with Venezuela, which is in the position it's in for NUMEROUS reasons and factors, the most important of which is: OIL.