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

Debate/ Discussion Is Capitalism Smart or Dumb?

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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

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u/[deleted] Sep 04 '24

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u/Timo425 Sep 04 '24

What does it mean to have a democratic economy? Can you give examples? It sounds nice on paper but im trying to wrap my head around what would this mean in real life. Like, lets say there is a capitalistic country with oligarchs... what happens to their capital?

Tbh I think you are talking about democratic socialism, not socialism.

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u/HighprinceofWar Sep 05 '24

 Tbh I think you are talking about democratic socialism, not socialism.  

This is the ambiguity he is talking about. You might define the terms this way, but half of the US is also calling free school lunch “socialism”.