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Raspberry Pi launches its IPO
(www.raspberrypi.com)
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this post was submitted on 11 Jun 2024
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I'm just going off of the definition here:
https://www.merriam-webster.com/dictionary/socialism
We definitely don't have a pure capitalist economy since that would mean that there is no government intervention in the market.
And we do have parts of the economy that are owned/run by the government as socialism would suggest.
What would you call it, if not a mix of capitalism and socialism? Maybe a mix of Capitalism and Communism would be more accurate?
This article would seem to suggest that: https://www.investopedia.com/terms/e/economy.asp
I would argue that the very means of communist ownership relying on the state means that state capitalism is the means in which communism is reached, and the Soviet Union definitely aligned closer to that, but this is a topic of dispute with scholars.