Comments by "Tony Wilson" (@tonywilson4713) on "American Reveals 'Biggest Culture Shock' After Moving Abroad" video.

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  5.  @shortfattoad7317  Your almost 100% right. My parents were both high school teachers and explained this to me 40+ years ago. There's a difference between the political and economic models countries use. Because of how countries have labelled themselves this last century most people don't separate them. Socialism, capitalism and communism are economic systems and these days almost always exist in some form in every country. In the past countries defined themselves by their political system - Democracy, Theocracy, Oligarchy, Monarchy, etc. Since Adam Smith wrote "Wealth of Nations" countries started to define themselves by their economics as much as their politics. It makes it a lot easier to hide that your a psychopathic totalitarian dictator or oligarch if you label your country by its economics and paint a rosy picture. If you take an honest look at most countries they have social systems of various types, collective ownership of various types and capitalism of various types all running side by side. So unless a country really pushes a dominant economic model over the others its almost impossible to call any country socialist, communist or capitalist, but they all do as part of their narrative. Here's an odd way to consider publicly listed companies in any capitalist country. Practically anyone can buy shares in these companies. Because people are investing their capital in those companies its considered capitalism. But if you take the basic concept that communism is the collective ownership of an enterprise by a community then publicly listed companies can also be seen as a type off communism. The difference is that unlike the rest of communism people can own as many shares as they can afford and they are free to come and go as they chose. The real difference in politics and economics is how much state control and individual freedom there is.
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