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by y80
3511 days ago
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It actually is. Capitalism is defined by the ownership of private property and individuals selling their labor to these owners in the form of a wage/salary, whereas socialism is where private property has been abolished for some form of common ownership. They are mutually exclusive. Social democracies aren't socialist, they're strong welfare in a capitalist system. |
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It really isn't an either/or proposition; you're only taking the absolute extremes of the concepts. If it was such a proposition, where does the switch take place? At what point would a nation 'flip' from being 'socialist' to being 'capitalist'?