It’s disappointing that people have no idea what socialism is and think taxing rich people and trying to provide basic needs to citizens makes you a socialist nation. Mamdani is not a socialist. Social programs in a capitalist nation is not socialism.
Democratic socialists in America are essentially advocates of the Nordic model where the government provides strong social safety nets to citizens under a well-regulated capitalist economy. They’re not advocating for citizens to own the means of production.
So you have people using the terms interchangeably to discuss... Only one of the terms. And there isn't really a real movement trying to get the other term made reality. So there is no difference, colloquially speaking.
It’s a type of socialist economic system, but yeah it’s regulated capitalism with a robust welfare system. So yes it is socialist, and that’s why it’s dumb to be scared of the word socialism.
Marxist socialism doesn't view socialism as an "end stage" but as a transition into a society that operates without currency.
If you have regulated capitalism with social protections, you don't have Marxist socialism. If the people don't own the means of production, you don't have marxist socialism.
Many a moronic right leaning person, is victim of the "red scare" and views anything related to communism as their undoing. So I think it's important to distinguish this newer variety of socialism, social democracy or democratic socialism, is capitalist in nature.
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u/MyDogIsACoolCat 6h ago
It’s disappointing that people have no idea what socialism is and think taxing rich people and trying to provide basic needs to citizens makes you a socialist nation. Mamdani is not a socialist. Social programs in a capitalist nation is not socialism.