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Everything belongs to the workers
(thelemmy.club)
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this post was submitted on 17 May 2026
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Socialism
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You cannot simply slice up elements of an economy and designate them to be capitalist or socialist in a vacuum, what matters is the nature of the society itself, the class character of the state and the principal form of ownership. That's why nationalizing industry in capitalism is not necessarily an advancement towards socialism, and privatization in socialism is not necessarily an advancement towards capitalism.
I'm new to lemmy .ml and unfamiliar with Sedan so I thought they were equating social democracy with socialism
I always shy away from making both points at once -- "social democracy is not socialism, but also, socialist states do engage with capitalism to avoid embargo and build their economies" -- because it tends to segue to China, which is exhausting to talk about with western socdems but you lose credibility if you're not willing to go the distance
...but I guess my oversimplified version still implicitly comments on AES states so it could use some work
No worries! Sedan seems new too, a week old account. I think it's helpful to identify capitalism and socialism as systems, and this helps us identify the essence of that system.