"Socialist" and "capitalist" aren't party alignments, they have concrete meanings. As an independent individual you no doubt have some preference.
"Socialist" and "capitalist" aren't party alignments, they have concrete meanings. As an independent individual you no doubt have some preference.
I agree that they're not party alignments, but do they really have concrete meanings? In my experience they seems to mean different things to each person who uses them.
> Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.
Both of those definitions encompass a wide range of economic systems, but they are fixed definitions. There's never going to be some inversion where "socialism" suddenly describes the private accumulation of capital.
Is a market-based system with strong progressive taxation and a large basic income capitalist? Is it socialist?
IMO it's not obvious and you could argue it either way for both terms.
If someone has capital invested in a business, and votes for government health insurance, are they a socialist or a capitalist? Would it mean they prefer the government to run everything? Nonsense.
Are the Democrats the socialists and the Republicans the capitalists? These words are little more than partisan shibboleths. The media portrays the Democrats as socialists, and the Republicans capitalists. Yet Republicans vote for socialist policies (Medicare, social security, unemployment benefits, stimulus checks, etc.)