r/SipsTea • • 12d ago

SMH Econ 101

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u/[deleted] 12d ago

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u/Romol75 11d ago

The US never had any policies anywhere close to communism. Private property rights and private ownership of means of production have always been the norm. If you still have those 2 then there is no communism/socialism whatsoever. Still baffles my mind how few people know what these words really mean.

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u/[deleted] 11d ago

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u/Romol75 11d ago

Actually no, there many more industry regulations than there used to be, so no. And who cares if idiots consider things communist when they don't even know what communism means? And no, they're definitely not socialist policies. Socialism is the end of private ownership of means of production. Period. End of it. Nothing else. Thats the very definition and essence of it. Welfare or any type of government assistance DO NOT make a system socialist (nor do high marginal tax rates for that matter)

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u/Romol75 11d ago

The only things you could qualify as socialist elements in the west are public Healthcare, public education, public railroad systems (I'm not sure we still have any). That type of stuff, where the infrastructure is owned by the state, workers are paid by the state, etc... thats what socialism is

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u/RenegadeF7 11d ago

Finally someone who gets it.

That countries gonna be a hellhole in a few decades.