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 Originally Posted by Renton
So crony capitalism allows the current major superpowers to emerge with massive prosperity, every shift from semi-controlled economies to less controlled ones, as in India, has had the same effect. Yet for some reason U.S. and Western Europe trend back toward controlled economies. At least, they want parts of the economy to be controlled, entire sectors like healthcare, education (including higher education), and agriculture. I'm so tired of getting accused of hyperbole on this "its not the USSR" shit. Yes, when your government controls like 35% of the economy that's akin to communism, dude.
Haven't you been reading wuf's posts about capitalism with welfareism vs socialism/communism? It's not communism just because the government funds healthcare and education because the means of production, and the relevant dependent manufacturing are still under a capitalist system.
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