However, the terms should also be clearly defined in such poll because indeed the average person may have their own understanding, not least in the US.
We could do - have done - much worse than implementing some good sense social safety net measures. Especially as people advocate for AI and using it to replace/disempower employees.
That's irrelevant to the point.
The 1980s did settle the capitalism vs. socialism debate. The USSR and, perhaps more consequentially, China effectively abandonned socialism because it failed and acknowledged that capitalism, free enterprise, and the free market was what worked.
The "end of history" is the belief (proved wrong if not naively wrong from the start) that this would lead to everyone being "friends" under a Western-style liberal democracy.
> We could do - have done - much worse than implementing some good sense social safety net measures.
I don't understand what you are getting at unless you consider that socialism = "social safety net measures", which it isn't but, as mentioned, it seems that many in the US think it is...
No one has done anything for poor people since Jesus of Nazareth, probably.
Capitalism for the poor, you gotta pull yourself up by the bootstraps. If you ain't successful, you aren't working hard enough.
I’m encouraged by parts of the poll, especially independents responses. I think a good many Americans perceive benefits to some degree of socialism ( ie healthcare ), but without going overboard.
majority of the public can't differentiate between commerce & capitalism. nor socialism vs 'free markets'.
the non-gullible people know it's not just about this vs that - but ultimately who controls what. ideally you want a system where no individual player or a few players can tip the system.
the Chinese system is probably the closest to that - but then the CCP exists :( . a large player that can tip the scales. but for the rest of the businesses - it's dog eat dog - the better ones that survive are suited to serve the population while aligned to the goals of the population for a good part.
The reason the Chinese system works the way it does is precisely because the CPC exists.
— John Steinbeck, still as relevant as ever
> capitalism is much more likely than free enterprise to be associated with unequal distribution of wealth.
This is why the terms "capitalism" and "socialism" are largely useless in political debates, and people are mostly talking past each other.
When you look specifically at what Americans like about socialism, it's health care, education, welfare, and economic equality. I don't think many people want central planning of the entire economy, which is why critics of socialism raising the bogeyman of the USSR are missing the point.
Capitalism = AI
https://sccei.fsi.stanford.edu/china-briefs/reassessing-role...
https://www.cambridge.org/core/books/abs/arc-of-the-chinese-...
China has state capitalism and private capitalist enterprises, and free enterprise with robust free markets overall. These are the main reforms that allowed it to thrive after the catastrophe of socialism under Mao. Even basic stuff like farmers being allowed to sell surplus freely for profit and at market prices only became allowed in 1978.
China now has the second largest number of millionaires in USD after the US.
They think "Social Democracy", not pure "Socialism".
But the Right will equate one with the other to pretend the left are communists.
50 years before the 1980s, during the Great Depression, the narrative was the opposite. The Soviet Union was invincible with a growing economy while every capitalist country on earth had been plunged into a devastating depression. Adopting social programs was the only way capitalism survived that decade at all.
In the 1930s, "socialism" won. In the 1980s, "capitalism" won. Scare quotes because neither was really the thing. Something else is going to win in the 2030s. The story is never over, despite what Francis Fukuyama would have you believe.
> Attorney General Eric Holder on Wednesday sought to walk back comments that some financial institutions may be too large to prosecute, telling lawmakers at a lively Capitol Hill hearing that no single bank is above the law.
> In a March appearance before the Senate Judiciary Committee, Holder testified that big banks’ clout “has an inhibiting impact” on prosecutions. As he explained: I am concerned that the size of some of these institutions becomes so large that it does become difficult to prosecute them
https://www.pbs.org/wgbh/frontline/article/eric-holder-backt...
pizzaiolo•46m ago
TheOtherHobbes•43m ago
DamonHD•23m ago
lotsofpulp•13m ago
https://fiscaldata.treasury.gov/americas-finance-guide/feder...
That’s also an easy sign of socialism. Just not all of society benefits. Not to mention the state and local level stuff via Medicaid and property tax subsidies for old people, too.
And then there’s the implicit monetary policy of putting asset owners ahead of income earners by debasing the currency.
vjvjvjvjghv•15m ago
A lot of the inefficiencies in areas like health care comes from the fact that the US does things that they don’t really want to accept that they are doing them.
bee_rider•3m ago