Comments by "BlackFlagsNRoses" (@blackflagsnroses6013) on "Angry Man Interrupts Live Newscast With A Surprisingly Rational Point" video.
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F D no it doesn’t. Socialism is at it’s core the replacement of wage labor with labor associations. Hence creating a classless society. This is what all socialists like Marx advocated for. The blend of public owned and private owned enterprises is just a blend of State regulations and control of publicly owned assets, and private enterprise. Central planning is not exclusive to socialism, as market socialists can attest to. Corporate capitalism very much functions as centrally planned oligarchy.
What those countries have isn’t socialism it’s called liberal corporatism. Economically it’s recognized as a moderate form of Fascist Corporatism. Based in Keynesianism it goes by many names depending on the country. Nordic social democracy, German ordoliberalism, French Dirigisme etc... others just call it the social market system. Keynes identified as a liberal capitalist, for that is what he supported. Keynesian based liberal corporatism is still liberal capitalism.
Even Fascists like Mussolini recognized this: “Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (1926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.”
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