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2026-07-12 07:58:26 UTC
in reply to

ChadXMR on Nostr: To me Capitalism = free markets and private property Socialism = centrally planned ...

To me

Capitalism = free markets and private property

Socialism = centrally planned economy and common property

Todays western systems would in this regard best be described as "corporatism" where state and corporations are intertwined in governing