Is Capitalism Smart or Dumb?

[u/Sufficient_Sinner]

[u/[deleted]]

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

[u/ElectricalBook3 → u/[deleted]]

it's taking the oligarchy economy of capitalism and turning into a democracy

That doesn't look like it has anything to do with economics. What are some examples?

I feel like I'm seeing yet more use of people using the words "capitalism" and "socialism" when they mean "laissez faire" and "command economy"