> 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
so it is not socialism, the whole point of this discussion.
so it is not socialism, the whole point of this discussion.
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.
No, the whole point of this discussion is that someone claimed Germany was capitalist. Which it isn't. It's in between systems.