Socialism in america only exists for corporations. "Hey bankers! Screwed up again? Here's more money to play with."
this post was submitted on 17 Mar 2025
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I appreciate the sentiment, but the public sector supporting the private is not "socialism." Socialism describes an economic formation where public ownership is primary in an economy, ie where large firms are publicly owned and controlled. Segments of an economy cannot be Socialist or Capitalist just like an arm cannot be a human, it can only exist in the context of the whole.
Socialism, in reality, refers to a broader economy where public ownership is primary, while Capitalism refers to a broader economy where private ownership is primary. All Socialist societies have had public and private Capital, and all Capitalist societies have had public and private Capital, it matters most which one has the power.
I recommend reading my post here on common problems people run into when determining Modes of Production.
Original commenter: jokes in class solidarity
Response: « I appreciate the attempt, but what you said was wrong on sooooo many levels, in this essay, I will... »
There is legitimately a problem with miscommunication on the Left, getting on the same page helps information flow more effectively.
I understand what you mean, really. I just think the methods of circulating that info can sometimes seem or feel ecclesiastic.
In my opinion, context and rhetoric matter. That's why I joked a little. But I don't mean no harm, truly. And I appreciate what you do.
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That's state welfare/insurance, not socialism.
A rose is a rose is a rose. I get your point though. Terms must be defined specifically in order to hold academic discussions. Welfare is called socialism by some.
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She's got a work on her sales pitch. "Probably one of the greatest... Oh it's not for you, it's more of a Shelbyville idea..."