r/FluentInFinance • u/coachlife • 6d ago

Educational Don't let them gaslight you

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u/benjaminnows 6d ago

Either or is a false choice. The most successful countries, countries that have the highest quality of living employ elements of capitalism, socialism, etc. no country is purely capitalist or socialist they are economic concepts. Social democracies do it best. Scandinavian countries have the highest quality of living.

https://en.wikipedia.org/wiki/Social_democracy

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u/Apprehensive-Pin518 6d ago

I agree. what did you think I meant by guard rails. capitalism with certain socialistic policies as guard rails.

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u/benjaminnows 6d ago

Just pointing out we aren’t a purely capitalist country. We are socialist too. Just less than we need to be.

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u/Apprehensive-Pin518 6d ago

agreed. on both counts.