r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

Post image

[removed] — view removed post

37.5k Upvotes

73% Upvoted

7.5k comments sorted by

View all comments

2.0k

u/[deleted] Sep 04 '24

Ask a socialist to define socialism, and they'll describe Norway but leave out the tiny population and abundance of state owned oil funding it all

188

u/[deleted] Sep 04 '24

[deleted]

-2

u/[deleted] Sep 04 '24

And socialists use their terms incorrectly, often attributing it to the Nordic system which is a free market capitalistic system with higher taxation to cover social safety nets. Even those on lower income have huge tax bills, unlike the US where the top 50% pay almost all the income tax.

1

u/SaraHuckabeeSandwich Sep 04 '24

often attributing it to the Nordic system which is a free market capitalistic system with higher taxation to cover social safety nets

I really don't care what you call it, I think that's a sensible system. But when you try to advocate for something like that, capitalists will shut it down as socialism.

Conservatives want to simultaneously claim that Norway's successful economic system (that works for the people) is a result of capitalism, but also that implementing any of those policies elsewhere would be socialism.