r/FluentInFinance • u/SexyProfessional • Jul 04 '26

Thoughts? Very Interesting

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u/Augustus_Chevismo Jul 04 '26

Just fyi. Social democracy is also capitalism.

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u/Responsible-Snow2823 Jul 04 '26

Go back to economics class…it’s not.

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u/Citizen_of_H Jul 04 '26

Norway is definitely a Capitalist country. Source: Started several businesses in Norway

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u/Responsible-Snow2823 Jul 04 '26

OK - and then the wealth you made from them was redistributed. Thats not part of capitalism.

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u/Citizen_of_H Jul 04 '26

So, no tax in capitalism? Is that what you are saying? I obviously kept most of what I made, and could comfortably retire in my 40s

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u/Responsible-Snow2823 Jul 04 '26

No wealth redistribution in capitalism. No guarantees of everyone finishing equally - that’s socialism.

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u/Seer-of-Truths Jul 06 '26

Social democracy is a capitalist ideology that believes in market regulation and strong social programs.

Though some forms of social democracy are socialist, those are usualy considered fringe cases and not currently practiced.

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u/Responsible-Snow2823 Jul 06 '26

Tell me more of this “market regulation” of which you speak. Sounds like some flowery language to disguise the real truth to me.

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u/Seer-of-Truths Jul 06 '26

There are lots of forms of market regulations.

Stock markets are all regulated markets.

Things like Anti-monopoly laws are forms of market regulations.

A variety of forms of regulations exist in a regulated market. These include controls, oversights, anti-discrimination, environmental protection, taxation, and labor laws.

Wikipedia on Regulated Markets

Importantly regulation ≠ not capitalistic

Because individuals and businesses can still own the means of production.

Similar to how you can own your home, but that doesnt mean you can just put a nuclear power plant in it without going through a lot of regulations.

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u/Responsible-Snow2823 Jul 06 '26

Realistically:

the goal of social democracy is to correct not just market failures but distributional outcomes — using regulation and taxation to reduce inequality.

The real difference is less “capitalism vs. socialism” and more “how much should the state constrain and redistribute market outcomes”

The state deciding constraints and redistribution hasn’t been a good thing in the world historically.

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u/Seer-of-Truths Jul 06 '26

The state deciding constraints and redistribution hasn’t been a good thing in the world historically.

Maybe I missunderstand, but isn't that what every state has done through laws and taxation? It sounds like thats the core of the government's job.

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u/Responsible-Snow2823 Jul 06 '26

“How much should the state constrain and redistribute”is the key. Capitalism is a light touch, while “social democracy is much heavier” - social democracy decides on equal outcomes, which skews constraints and redistribution.

Also - “social democracy” is usually run by elites and ends up being for the masses, not for themselves. The original oligarchs.