this post was submitted on 23 Oct 2023
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If you heavily regulated companies, nationalize every major public service, place an upper cap to overall wealth for any one individual, eliminate inherited wealth and redirect all available resources to public education, health care, housing and UBI .... then democracy could exist in a capitalist system.
But chances are we'll more likely start WWIII with nuclear weapons than do any of that.
But that's not capitalism, that's market socialism
I thought regulated capitalism and market socialism were the same thing
the difference between capitalism and socialism is whether companies are privately or publicly owned, so while it looks similar, it's really not the same. this would be a social democratic society, and therefore not socialist
So European brands of socialism aren't socialism in your view?
what do you mean, European brands of socialism?
socialism, by definition, means that "companies" are publicly owned. so while this would be a good start for a socal democratic society, its nowhere near democratic socialism or even communism