• @Sorgan71
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    -11 year ago

    socialism is capitalism with regulations.

    • @[email protected]
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      fedilink
      21 year ago

      No, it is not. Completely far from it, in fact.

      Capitalism is individual ownership of the means of production.

      Socialism is collective ownership of the means of production.

      Capitalism with regulations is Capitalism with regulations, and will never be Socialism.

      • @Sorgan71
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        01 year ago

        Thats not what socialism is at all. It can involve collective ownership but often utilizes regulation of individual ownership to for the benifit of the workers.

        • @[email protected]
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          fedilink
          21 year ago

          No, definitionally Socialism is worker ownership of the means of production. It is a mutually exclusive form of economic organization with Capitalism. At most you are referring to Social Democracy, which is Capitalism with social safety nets, but cannot be considered Socialism.

          Please learn more about what you’re talking about, you’re very confident for someone who clearly is mixing up terms.