> A social market economy is capitalism with rules and safety nets, like strong labor protections, healthcare, and pensions, to make sure people are protected from big hardships
so it is not socialism, the whole point of this discussion.
> A social market economy is capitalism with rules and safety nets, like strong labor protections, healthcare, and pensions, to make sure people are protected from big hardships
so it is not socialism, the whole point of this discussion.
You are way too into polar opposites here. Try thinking difference beyond/before that.
@selfmodruntime Arguing that the existence of regulations makes an economy non-capitalist is something I've only ever seen extreme left and extreme right-wing people make. Everyone else recognizes "capitalism is a system based on private ownership, wage labor, and private capital accumulation" as a fundamental truth, including, like, all experts in this field. Ultimately, you're making a No True Scotsman argument.
Germany's market is an example of welfare capitalism, which is a type of capitalism.
What you're writing reminds me very much of "the USA isn't a democracy, it's a republic!" (as if a republic isn't a type of democracy called "representative democracy")
> @selfmodruntime Arguing that the existence of regulations makes an economy non-capitalist is something I've only ever seen extreme left and extreme right-wing people make.
Good thing I haven't argued that at all. I was arguing that Germany, which calls its economic system "Social Economics" in fact employs this very economic strategy, which is defined as not being straight forward capitalist but as a mixture of capitalism and socialism.
> Germany's market is an example of welfare capitalism, which is a type of capitalism.
Germany's market is per definition not welfare capitalism, but "social economics". This term exists, it is well defined, you can look it up.
exactly, it is like the "this is not capitalism it is corporatism!" argument the libertarians like to make about the US.
> so it is not socialism, the whole point of this discussion.
No, the whole point of this discussion is that someone claimed Germany was capitalist. Which it isn't. It's in between systems.