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this post was submitted on 31 Aug 2025
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Am Norwegian. We argue a lot of whether we live under socialism or capitalism, we have a pretty good mix of both I think. Also, I dont think they're really mutually exclusive, it's more like some parts of society like healthcare, trains and police make sense to do as socialism and other things like TV channels, grocery stores and construction make sense to do as regulated capitalism.
I would argue that the next step forward is to formally design an economic system that uses the principles of both. America's Constitution was based on the Magna Carta and other concepts, but went a step further and made dedicated rules for how political power interacts. While badly dated now, those rules lasted 250 years for a nation that exploded beyond a mere 13 colonies into a continental superpower.
I think making a clean ruleset that incorporates socialism and capitalism would allow them to excel at the things they do, while keeping their worst aspects at bay.
My favorite lefty take to hit a capitalism/libertarian shill with is that I don't really think a communist/socialist project like the Soviet Union is the future. And honestly, you'd be hard pressed to find someone who does want that.
Its becoming a pretty common take these days that capitalism is fine IF human and environmental needs are met first.
That's not 'capitalism'. Those issues are handled exclusively by socialist policies. At no point does a capitalist economy worry about human or environmental needs. There is no place for them in the formula for profit. Even the countries balanced the closest to the middle between capitalism and socialism only invest into the environment when it's profitable, or otherwise beneficial for the state (e.g., one of the biggest advantages of renewable energy being independence, and not environmental impact). And the main reason for that is so many people are aware of the ongoing climate catastrophe that governments can no longer easily ignore them.
In my opinion, it's perfectly reasonable to say that some capitalist policies make sense, or to say that some socialist policies don't work well. But this is the first time I encounter someone saying capitalism is fine if social needs are satisfied first. So basically, capitalism is fine if it coexists with socialism? I can agree, but that's definitely not capitalism anymore. That's the same thing as a mix of capitalism ans socialism suggested by other people here.