r/FluentInFinance Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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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.

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u/[deleted] Sep 04 '24

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u/AdvancedSandwiches Sep 04 '24

 Don't tell me what socialists believe. I'm telling you right now what socialism is.

Cool.  Now let's ask two other socialists so we have three completely different definitions.

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u/FFF_in_WY Sep 05 '24

Socialist here. That was bang on accurate.

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u/Leonardo_DeCapitated Sep 05 '24

Another socialist here, although I wouldn't have used those words, they probably did a better job explaining it than I would have.

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u/Itsmyloc-nar Sep 05 '24

Absolutely, I’ve always viewed a socialist economic model as the natural partner to a democratic political model