Yes and North Korea is "Democratic People's Republic of Korea". Names don't reflect reality.
> It's a regulated market economic model
So is the USA.
> It's a regulated market economic model
So is the USA.
Our model came first, then came the name. I explained it's origins thoroughly, it is rooted in economic theory and it is what is really happening in Germany. It's codified in Articles 20 and 14 of our constitution. Social welfare is among the best in the world and covers a lot, but taxes are high. This would never happen in any free market economic models. I recommend you read up on it a bit before making snarky comments on the internet.
Are those numbers indicative of socialism or capitalism?
> I recommend you read up on it a bit before making snarky comments on the internet.
It's not a snarky comment. Regulation and welfare are requirements even in a capitalist economy, otherwise you have people dying on the streets en masse and companies dumping toxic waste next to the fields where you grow food. You're essentially arguing that real capitalism hasn't been attempted yet - that more "freedom" (from regulation), more inequality will somehow fix things.
The US has more "freedom" in this sense than Germany - is the average person doing better over there? I don't think so, I certainly don't know any "average worker" currently living anywhere in the EU who would want to swap places.
Germany is a capitalist country with strong social welfare. If you think social welfare is a problem, feel free to argue that, but one thing that's not up for serious discussion is its economic model.
This sentence does not apply because "social market economy" does not imply that companies should be owned by their workes.
> What percentage are owned by capitalists, generating private profits?
This sentence does not apply because a "social market economy" does not forbid the generation of profits. Profits are to be shared with the populace to pay for social policies, which is happening.
> Are those numbers indicative of socialism or capitalism?
You should really - really - read up on "Soziale Marktwirtschaft" and ordoliberalism before you make a point. If you don't know how they are defined and what they mean, you cannot make a coherent argument.
> You're essentially arguing that real capitalism hasn't been attempted yet - that more "freedom" (from regulation), more inequality will somehow fix things.
I have not and you are free to cite where I did.
> Germany is a capitalist country with strong social welfare.
Congratulations, you combine this with "Regulation" and a state mandated "Economic Conscience", you have finally found out what "social market economy" means. It's not "capitalism with X". It's so far removed from the idea of capitalism that we use another term entirely.
> but one thing that's not up for serious discussion is its economic model.
I encourage you to look up the terms. Again.
>> You're essentially arguing that real capitalism hasn't been attempted yet
> I have not and you are free to cite where I did.
It's a straightforward logical inference. Your definition of capitalism excludes every capitalist economy that has ever existed.
Those are not my definitions.
> It's a straightforward logical inference. Your definition of capitalism excludes every capitalist economy that has ever existed
No. A social market economy is capitalism with rules and safety nets, like strong labor protections, healthcare, and pensions, to make sure people are protected from big hardships. The U.S. mostly has free-market capitalism, with fewer regulations and weaker social support. So the main difference is that a social market economy tries to control capitalism to protect people, while the U.S. mostly lets the market run on its own.
so it is not socialism, the whole point of this discussion.
No, the whole point of this discussion is that someone claimed Germany was capitalist. Which it isn't. It's in between systems.
Germany's market is an example of welfare capitalism, which is a type of capitalism.
What you're writing reminds me very much of "the USA isn't a democracy, it's a republic!" (as if a republic isn't a type of democracy called "representative democracy")
Good thing I haven't argued that at all. I was arguing that Germany, which calls its economic system "Social Economics" in fact employs this very economic strategy, which is defined as not being straight forward capitalist but as a mixture of capitalism and socialism.
> Germany's market is an example of welfare capitalism, which is a type of capitalism.
Germany's market is per definition not welfare capitalism, but "social economics". This term exists, it is well defined, you can look it up.
Sure. But that is as socialist as it was the National Socialist German Workers Party.
What you, mfru and dns_snek did here is not respectful, open-minded discourse and I'm amazed that selfmodruntime put up with it that long.
> What you, mfru and dns_snek did here is not respectful, open-minded discourse
Give me a break, the original complaint, the one you linked but apparently didn't read, went even further, likening the European economy to communism:
> The USSR was supposed to be a cautionary tale. Not a guidebook!