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The right wing on here are not going to like Swans new manager politics. 07:24 - Aug 2 with 5515 viewstrampie


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The right wing on here are not going to like Swans new manager politics. on 14:57 - Aug 6 with 516 viewsDr_Parnassus

The right wing on here are not going to like Swans new manager politics. on 14:51 - Aug 6 by londonlisa2001

Of course it is to an extent. But it’s a mixed market economy not a capitalist economy.

Australia has very high level of state intervention in aspects of production. Not least human capital. And energy production and distribution. It isn’t unfettered.


Australia is definitely a capitalist economy. Regularly seen as an example of a thriving capitalist economy.

https://au.finance.yahoo.com/news/the-10-most-capitalist-nations-in-the-world-00

https://www.capitalism.com/capitalism-examples/

https://examples.yourdictionary.com/examples-of-capitalism.html

You will never find it on a list of socialist economies.

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The right wing on here are not going to like Swans new manager politics. on 15:25 - Aug 6 with 488 viewslondonlisa2001

The right wing on here are not going to like Swans new manager politics. on 14:57 - Aug 6 by Dr_Parnassus

Australia is definitely a capitalist economy. Regularly seen as an example of a thriving capitalist economy.

https://au.finance.yahoo.com/news/the-10-most-capitalist-nations-in-the-world-00

https://www.capitalism.com/capitalism-examples/

https://examples.yourdictionary.com/examples-of-capitalism.html

You will never find it on a list of socialist economies.


Of course it is not socialist. No one has said it is. It is mixed. As I said.

But your understanding of socialism as a framework underpinning capitalism and the economic understanding of the same (which I am talking about) seem very different.

Socialism is defined as “ a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”

You are taking the first bit ‘owned by’ and not the second ‘regulated by’. There are almost no aspects of modern western economies that are not regulated by the ‘community as a whole’. We vote for governments that control many aspects of production, human capital in particular (immigration limits, working visas, minimum wage levels, maximum working hour levels, requirements for provision of social benefits like holidays, maternity and paternity, sick pay, etc etc), but also things like energy consumption, taxation, import and export limits and duties, trading standards, health and safety standards, rules on monopolies and mergers - it’s endless.

That’s the framework on which capitalism sits. It also allows the state to step in and directly control production or the resources needed for production as it sees fit. That’s happened in the last 15 months, but happens at all sorts of other times as well. Sometimes on a huge, total country level, sometimes on a sector level, sometimes on a very small specific level. State ownership of assets is just one part of it.

No socialist countries (in the sense you mean it) work. No capitalist countries (in the sense you mean it) exist.
Again, as I’ve said, different countries are at different parts of the sliding scale. And regulate in different ways.
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The right wing on here are not going to like Swans new manager politics. on 15:43 - Aug 6 with 474 viewsDr_Parnassus

The right wing on here are not going to like Swans new manager politics. on 15:25 - Aug 6 by londonlisa2001

Of course it is not socialist. No one has said it is. It is mixed. As I said.

But your understanding of socialism as a framework underpinning capitalism and the economic understanding of the same (which I am talking about) seem very different.

Socialism is defined as “ a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”

You are taking the first bit ‘owned by’ and not the second ‘regulated by’. There are almost no aspects of modern western economies that are not regulated by the ‘community as a whole’. We vote for governments that control many aspects of production, human capital in particular (immigration limits, working visas, minimum wage levels, maximum working hour levels, requirements for provision of social benefits like holidays, maternity and paternity, sick pay, etc etc), but also things like energy consumption, taxation, import and export limits and duties, trading standards, health and safety standards, rules on monopolies and mergers - it’s endless.

That’s the framework on which capitalism sits. It also allows the state to step in and directly control production or the resources needed for production as it sees fit. That’s happened in the last 15 months, but happens at all sorts of other times as well. Sometimes on a huge, total country level, sometimes on a sector level, sometimes on a very small specific level. State ownership of assets is just one part of it.

No socialist countries (in the sense you mean it) work. No capitalist countries (in the sense you mean it) exist.
Again, as I’ve said, different countries are at different parts of the sliding scale. And regulate in different ways.


But that’s my point, being a mixed market doesn’t mean it’s not a capitalist economy.

If it did then it would be on as many socialist lists as it would capitalist. It’s not just seen as a capitalist economy by everyone, It’s regularly given as one of the world leaders of capitalist economies. Not sure why you think everyone is wrong just because it’s a mixed market, the framework is capitalist.

You are telling me what I mean, like you told the people with brightly coloured hair what they mean. It would be better if you allowed me to tell you what I mean.

Your definition of framework and my definition of framework are clearly different. A capitalist framework will always be built on economic freedom, it is what is the bedrock of a capitalist economy. A framework of socialism restricts economic freedom and in many cases destroys it completely.

But this is the first time I have ever read someone trying to suggest Australia is not a capitalist economy. Largely because it clearly is.

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