ChadXMR's avatar
ChadXMR 2 months ago
To me Capitalism = free markets and private property Socialism = centrally planned economy and common property Todays western systems would in this regard best be described as "corporatism" where state and corporations are intertwined in governing

Replies (1)

ChadXMR's avatar
ChadXMR 2 months ago
Yes, to me common property is the marketing term for state property in socialist ideology. Do you know a catchy term to describe the market situation in western democracies today?