For those that may prefer a Socialist country

[Red Front]

My bad, for those of you that would prefer a Socialist Democracy.

Household debt in Canada reaches highest level amongst all G7 countries.
While household debt made up 80 per cent of the size of the overall Canadian economy during the 2008 recession, it rose to 95 per cent in 2010 and by 2021 debt exceeded its size. "While U.S. households reduced debt, Canadians increased theirs and this will likely continue."

At the end of 2021 Canada’s household debt-to-GDP ratio was at 107 per cent, according to the report.

I'm sure a Socialist Democracy in the US would be totally different....yea, sure.

Household debt in Canada reaches highest level amongst all G7 countries

If Canada was truly socialist, it would nationalize all of its banks and reduce household debts gradually while it allocates funds to infrastructural projects, creating more jobs and increasing production. Eventually, all household debt would be eliminated and people would be debt free. Here in the US, we would apply the same policies.

 

[pknopp]

I’ve never seen anyone confuse capitalism with socialism or communism.

European countries like Norway, Sweden and Denmark are not socialist nations. They have free market economies.

nations like Cuba, Vietnam, Laos and China do not have a free market.

No country has a free economy. Some are freer than others but they are still controlled by the government.

 

[tahuyaman]

Getting rid of dealing in dollars will get rid of the black markets.

No, it won’t.

 

[tahuyaman]

No country have a free economy. Some are freer than others but they are still controlled by the government.

Most economies are of a free market system

 

[pknopp]

Most economies are of a free market system

No economy is a free market. We want to pretend there is.

 

[tahuyaman]

No economy is a free market. We want to pretend there is.

There are many, but you’re free to think otherwise. A regulated market is not the same as a state owned market system

 

[pknopp]

There are many, but you’re free to think otherwise. A regulated market is not the same as a state owned market system

And neither is a free market.

 

[Kruska]

China, Laos, Cuba and Vietnam are socialist nations.

No they are not - since they are NOT democratic.

 

[tahuyaman]

It won't, actually. People will always find a medium for trade. In the former Soviet Union, people frequently traded in US dollars (which could be obtained semi-officially by certain government workers).

When I lived in South Korea, it was actually illegal for Korean citizens to own US currency, but it was everywhere.

With the advent of crypto currency, untraceable and nearly impossible to block, there really isn't a need for actual cash to support a flourishing black market.

I lived in South Korea for two years in the mid 80’s and late 90’s. That wasn’t the case then

 

[tahuyaman]

And neither is a free market.

A free market still has regulations and laws which must be followed.

 

[pknopp]

A free market still has regulations and laws which must be followed.

Just different levels of government control.

 

[tahuyaman]

No they are not - since they are NOT democratic.

They are socialist nations. But yes, they are also not democratic. Those two concepts are not very comparable

 

[Kruska]

Is Canada Socialist? | New Canadian Life.

It's no secret in Europe, that Americans and for that matter Canadians - always confuse socialist - with social democrat, or socialism with social democracy
As I said go and read some books

Socialism is nothing else but Communism ruled/overseen via a democratic elected and operating government. Therefore no such country ever existed or exists.

 

[Red Front]

I’ve never seen anyone confuse capitalism with socialism or communism.

European countries like Norway, Sweden and Denmark are not socialist nations. They have free market economies.

nations like Cuba, Vietnam, Laos and China do not have a free market.

Markets existed way before capitalism. Capitalism is not an economic system strictly defined by markets, but rather by the production and delivery of goods and services for a profit, via the extraction of surplus value from wage labor. The foundation of capitalism is the exploitation of human wage labor. The capitalist employer (exploiter) rents the life of an employee (exploitee) for eight, twelve, or sixteen hours daily, to produce a product or deliver a service, for let's say $18.00 hourly, irrespective of the fact that the employee is producing $100 hourly in products or services. The capitalist exploits the human labor by keeping the surplus or difference between the wage and what is actually being produced.

Under capitalism, nothing gets produced to meet human needs, unless there's a profit or an opportunity for a capitalist to accumulate capital. If a product or service isn't commercially viable, then it's not produced or delivered, irrespective of how much people need it. This is why you can have warehouses full of food and people can still go hungry. Here in NYC, after bakeries, grocery stores, and restaurants close, they throw away eatable, even fresh food in garbage bags, but before they do that, they pour Clorox on it, to stop anyone from eating it. Under capitalism, you can have millions of vacant homes and apartments, and millions of homeless people living out in the street.

Most modern industrialized nations apply many socialist principles to their economies. They're essentially mixed economies (a bit of capitalism, with some socialism). The countries that currently identify as socialist or Marxist, are what is left of those nations that once allied themselves with the USSR. With few exceptions, they're heavily sanctioned and often threatened with war.

Markets, according to Marx, can exist in socialism, especially in the beginning phase of transitioning production to a fully socialized and democratized, non-profit system, that is publicly owned and centrally planned. In the not-too-distant future, due to advanced automation and artificial intelligence, socialism is going to become a necessity. We will be forced, not through the barrel of a rifle, but by necessity, to adopt socialism, due to advanced production technology.

 

[tahuyaman]

It's no secret in Europe, that Americans and for that matter Canadians - always confuse socialist - with social democrat, or socialism with social democracy
As I said go and read some books

Socialism is nothing else but Communism ruled/overseen via a democratic elected and operating government. Therefore no such country ever existed or exists.

Well, there are currently four socialist countries and that’s not including North Korea, Venezuela and Bolivia.

 

[Harpy Eagle]

My bad, for those of you that would prefer a Socialist Democracy.

Household debt in Canada reaches highest level amongst all G7 countries.
While household debt made up 80 per cent of the size of the overall Canadian economy during the 2008 recession, it rose to 95 per cent in 2010 and by 2021 debt exceeded its size. "While U.S. households reduced debt, Canadians increased theirs and this will likely continue."

At the end of 2021 Canada’s household debt-to-GDP ratio was at 107 per cent, according to the report.

I'm sure a Socialist Democracy in the US would be totally different....yea, sure.

Household debt in Canada reaches highest level amongst all G7 countries

While their national debt to GDP is in the low 70s while ours pushes 120.

 

[Failzero]

I’ve never seen anyone confuse capitalism with socialism or communism.

European countries like Norway, Sweden and Denmark are not socialist nations. They have free market economies.

nations like Cuba, Vietnam, Laos and China do not have a free market.

And Germany from 1934 -1945 had a Socialist Government with a Fascist Dictator

 

[Kruska]

They are socialist nations. But yes, they are also not democratic. Those two concepts are not very comparable

No they are not socialist nations - they are actually Fascist countries - free market principles - social programs and aspects - the government controls banking and the economy via a one party system. (dictatorship) ergo Fascist.

Again why don't you guys simply read up onto the topic - what is the Socialist principle/dogma.

 

[tahuyaman]

No they are not socialist nations - they are actually Fascist countries - free market principles - social programs and aspects - the government controls banking and the economy via a one party system. (dictatorship) ergo Fascist.

Again why don't you guys simply read up onto the topic - what is the Socialist principle/dogma.

They can be both socialist and fascist. They can even be socialist and Stalinist type nations.

 

[Kruska]

And Germany from 1934 -1945 had a Socialist Government with a Fascist Dictator

NO - because the Nazi's never controlled the economy and set the market prices. They ran an economy according to free-market principles. Which is totally contrary to the ideal/dogma of socialism or being a socialist country. And therefore Hitler wasn't a Fascist - but a fucking Nazi.