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Malenkiy Scot's avatar

I believe the word "socialism" is overloaded. As in "socialized healthcare is socialism". No, not really.

Hence we need to be very careful when using that word. For me the line is in the upholding of private property rights. The more the regime is against private property the more socialist it is. [I believe there is no such thing as a purely capitalist or a purely socialist political economy.] In that respect "crony capitalism" might be closer to socialism than capitalism - since the "cronies" are close to the regime, and are not truly "private". And the regime funnels assets in their direction, rather than upholding property rights in a disinterested fashion.

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L.P. Koch's avatar

Very interesting. I have a book by Michéa somewhere that I haven't read yet, should take a look. It seems that as so often in history, the good guys lost the narrative war. And I don't see how fighting against the sort of inequality that alienates people from their roots and community, in which their work is embedded, can't be seen as a conservative-populist impulse. Curious to see your take on how it went wrong, and what went down in the 2nd half of the 19th century!

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