• Cowbee [he/they]@lemmy.ml
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    2 hours ago

    You cannot simply slice up elements of an economy and designate them to be capitalist or socialist in a vacuum, what matters is the nature of the society itself, the class character of the state and the principal form of ownership. That’s why nationalizing industry in capitalism is not necessarily an advancement towards socialism, and privatization in socialism is not necessarily an advancement towards capitalism.