this post was submitted on 20 Apr 2025
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Have to get past American and western interventionism to figure it out. But socialism lifted millions out of poverty look at Chinese and Russian history. Both countries went from feudal and monarchal society to industrial powers houses lead by peasants and workers, rivaling the United States in mere decades. So I’d say yes socialism does work. Also both those societies went from a near totally illiterate society to a 100 % total literacy within a generation. Free healthcare, housing, education and unemployment was non existent. Just to name some more achievements of socialism.
Socialism yes. I've always thought that capitalism regulated with socialist policies is the way forward. That way you can still encourage entrepreneurs to get going.
But we're still left with the r > g problem (money attracts more money).
Communism is the extreme end of socialism isn't it? And I've always thought that extremes never work. Extremism is a circle...
I'm open to being educated on this though....
There is no such thing as capitalism regulated with socialist policies. That’s ridiculous and only shows that you don’t know what those terms mean
I was just in Denmark recently and it seems like that's what they have: a capitalist society but regulated by very socialist policies like (really) high taxes. Makes sense to me - I'm probably just not using the right terminology.
High taxes is not socialism
Denmark is a capitalist country. There is nothing socialist about it. Socialism is when the workers own the means of production (directly or otherwise), not when a country provides social services, that is a social democracy.