this post was submitted on 05 Apr 2024
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Socialism

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[–] QueerCommie@hexbear.net 2 points 7 months ago (1 children)

It literally is though. In the middle ages would you have said "it's not all feudalism, there's actually some merchants too!"

So the current global market, as counted by GDP isn't capitalism?

an economic and political system in which a country's trade and industry are controlled by private owners for profit.

Oh, wait, you're right. China's socialist, so not the whole international system. Any given imperialist country still relies on growth to keep capitalism alive, though.

[–] rah@feddit.uk 0 points 7 months ago (1 children)

So the current global market, as counted by GDP isn't capitalism?