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It will surely work this time!
(lemmy.world)
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this post was submitted on 03 Sep 2023
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It’s pretty damn hard to find a nation that is 100% capitalist or 100% socialist. Most places sit somewhere in the middle of the spectrum. Even super capitalist America has socialized programs and infrastructure, and super communist China has private companies.
The Nordic nations are the biggest example that we have of democratic nations that are further on the socialism end of the spectrum.
The phrase you're looking at is social liberalism, which describes a capitalist nation that has strong welfare programs and worker protections. Socialism requires as a fundamental thing eliminating or DRAMATICALLY reducing the role of capital in ownership and regulation of industry. Capitalism and socialism aren't about whether the poors are provided government funding for food or told to eat cake, they're about who gets to own and start factories etc.