this post was submitted on 21 Aug 2023
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Capitalism with social programs is better than without, but that's not socialism. It's just not neoliberalism.
What makes countries where the State has high power fail then?
Not socialism.
Concentration of power with those "social services", making people pay higher taxes many times for unfair reasons. Socialism has all the power on the State with no or little room for individuals themselves to make their businesses and companies, companies that'll thrive will be friends with the king and create a monopoly in that country. Putting everything in the hands of the State is a recipe of disaster.
China has tons of small and big businesses and it's still socialist.
Chinese companies are basically extensions of the government.
Most corperations are, in any country.