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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (151218)	9/10/2002 12:31:35 PM
From: tejek	Read Replies (1) \| Respond to of 1586409

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. For the most part, I agree with what you say.....although I think a capitalist in this country might consider Sweden more socialist than capitalist. I guess it really depends on perspective. That's why I chose to use it as an example. Its probably the closest example we have of a successful socialist economy.........maybe also Finland and Singapore but I don't know those systems very well. I am defining socialism as a hybrid system with the understanding that Sweden probably is closer to capitalism than to socialism.