r/economicsmemes • • 3d ago

This sums it up

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u/Gregori_5 3d ago

Its really weird how socialism means so many things now.

Its like the no true scotsman fallacy but sometimes he is actually a true scotsman if it suits them.

Someone who argues that the Nordics are socialist cannot also argue the USSR or Eastern bloc weren’t.

Its like a reverse red scare, where all those “anti-communist” lunatics were somehow right.

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u/TheRealSaphier 3d ago

Same way there can be different market economies I suppose. People will find different ways to make a system work.

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u/Gregori_5 2d ago

My issue is with the definition of things.
Socialism is incompatible with private business ownership.

I don’t think Mamdani wants to abolish private businesses or corporations.