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by dovereconomics
3936 days ago
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>government structures the economic regime to favor the interest That's it. If there's central planning(no matter to whom) it's socialism. And, regarding 'lock-in advantages', without a government-backed credit expansion, it'd be really difficult for companies to get as much market cap. |
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No, the dominant system of the developed world in the 19th Century that socialists reacted against and coined the word "capitalism" to describe isn't socialism.