Why Does "Socialism" Work in like... Denmark and Finland but not Venezuela? :)

Discussion in 'Politics' started by lentus, Jul 20, 2019.

  1. lentus

    lentus

    Discuss!
     
  2. stoic

    stoic

    It doesn't work in Denmark or Finland.
     
  3. Cuddles

    Cuddles

    d08 likes this.
  4. lentus

    lentus

  5. The original post poses a question that many peeps misunderstand.

    As usual, helps to start by validating any silent presumptions embedded in the question:

    What are the underlying facts that support categorizing Denmark or Finland as "socialist," i.e., government ownership of property and central government controlled economy?

    What are the underlying facts that support categorizing them as, say, "capitalist," i.e., private ownership of property and free market economy?

    Is the form of government in Denmark or Finland a dictatorship, representative democracy, or what?

    Same questions for Venezuela.

    Stay away from other people's opinions or summaries; they are often wrong. Instead, drill down to get the facts yourself, the sine qua non of a trader.
     
    Last edited: Jul 20, 2019
    WeToddDid2 likes this.
  6. lentus

    lentus

    Yep, that's why I put "socialist" in quotes. There is the whole "not real socialism" meme. The ones on the right will say Denmark and Finland are not socialism. And the ones on the left will say Venezuela is not socialism :) AmIwrongbro? :)
     
  7. Even some right leaning peeps misunderstand Northern Europe countries as "socialist." As do some on the left. The common denominator is not political lean, per se, but rather low critical thinking skills or not caring.

    No left leaning economist of any repute would categorize Denmark, Finland, or any nordic country as having a socialist economy by common definition, including Marx's own.
     
    WeToddDid2 likes this.
  8. Yeah but... Socialism is gonna work in America 'cause we know how to do it right. You just watch.
     
  9. WeToddDid2

    WeToddDid2

    Can you please post your definition of socialism?
     
  10. socialism
    noun
    so·cial·ism | \ ˈsō-shə-ˌli-zəm \

    1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

    2 a: a system of society or group living in which there is no private property
    b: a system or condition of society in which the means of production are owned and controlled by the state

    https://www.merriam-webster.com/dictionary/socialism
     
    Last edited: Jul 21, 2019
    #10     Jul 21, 2019
    d08 likes this.