- 08 Apr 2021 09:03
#15165246
You are flat out misinformed to state that Spain is a capitalist country. Far from it. And anyone else who says so is wrong. All the major resources that are needed for the welfare of the people are either owned by the state or completely regulated by the state for the public good. That there is also a thriving market in unessential goods and services in no sense makes Spain capitalist or any of the Scandanavian countries or other socialist countries in Europe. Someone needs a dictionary and an economics text not written in the USA.
Unthinking Majority wrote:Capitalism is private ownership of the means of production. Socialism is public ownership of the means of production.
https://en.wikipedia.org/wiki/Capitalism
https://en.wikipedia.org/wiki/Socialism
Your definition of capitalism is wrong. You're equating capitalism with 100% laissez-faire free-market capitalism. Such a country doesn't exist on the planet and really never has. In Spain are 100% of the businesses owned by the public? If not, that's not a "socialist" state, it's a mixed economy. There haven't been any "socialist" European countries since the fall of the USSR. 100% capitalism or 100% socialism has never worked. Every western country is a mixed economy, the difference is in how much of each economy is privately vs publicly owned and regulated.
"Spain has a capitalist mixed economy.": https://en.wikipedia.org/wiki/Economy_of_Spain
I did all of your homework for you. Come back when you read up and know your terms.
You are flat out misinformed to state that Spain is a capitalist country. Far from it. And anyone else who says so is wrong. All the major resources that are needed for the welfare of the people are either owned by the state or completely regulated by the state for the public good. That there is also a thriving market in unessential goods and services in no sense makes Spain capitalist or any of the Scandanavian countries or other socialist countries in Europe. Someone needs a dictionary and an economics text not written in the USA.