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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (150956)9/10/2002 9:15:36 AM
From: Neocon  Read Replies (1) of 1586426
 
Actually, the Socialist Party in Sweden has never had the power to force real socialization of the economy, it is merely an advanced welfare state, as are the other major countries of Western Europe. The definition of capitalism is not very difficult: it is a situation where the principal investment decisions are made through a predominantly free market in capital, whether through stocks, bonds, or bank loans. Although there is more social legislation in Western Europe, including protective legislation for certain businesses, and greater government intervention in disputes between labor and capital, these countries are mainly capitalist, and that is the engine that has produced sufficient wealth to support the social legislation.
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