Not really, Nordic model is capitalist because the capital owning class owns the means of production and holds power in society. Nordic model has generous social services and a social safety net, but that of itself does not make it socialist. A socialist model implies that it is the working class that holds power and that means of production are under a mix of public and cooperative ownership. This is the model that all western countries fight against.
You previously mentioned China. And China do have big companies like NetEase. Are such companies under a mix of public and cooperative ownershiprs? How it differs from IKEA? Not arguing, just trying to understand.
The difference with China is that capitalists don’t run the government and all the core economy is publicly owned. I can highly recommend this book discussing why China is fundamentally socialist
I find that comparing how China and India developed after WW2 is illustrative as well. India took the capitalist route while China remained socialist, and the difference today is stark. India has incredible amount of poverty and the situation continues to get worse, meanwhile China is responsible for the biggest poverty elimination programs in the world. The fact that China is developing differently from capitalist nations is a good indicator that something different is happening there.
Does countries of Nordic model count? I heard good things about them.
Not really, Nordic model is capitalist because the capital owning class owns the means of production and holds power in society. Nordic model has generous social services and a social safety net, but that of itself does not make it socialist. A socialist model implies that it is the working class that holds power and that means of production are under a mix of public and cooperative ownership. This is the model that all western countries fight against.
Thank you, this does makes sense!
You previously mentioned China. And China do have big companies like NetEase. Are such companies under a mix of public and cooperative ownershiprs? How it differs from IKEA? Not arguing, just trying to understand.
The difference with China is that capitalists don’t run the government and all the core economy is publicly owned. I can highly recommend this book discussing why China is fundamentally socialist
https://redletterspp.com/products/the-east-is-still-red
This was an excellent discussion on the subject as well https://www.youtube.com/watch?v=BT7Th2aV0wM
I find that comparing how China and India developed after WW2 is illustrative as well. India took the capitalist route while China remained socialist, and the difference today is stark. India has incredible amount of poverty and the situation continues to get worse, meanwhile China is responsible for the biggest poverty elimination programs in the world. The fact that China is developing differently from capitalist nations is a good indicator that something different is happening there.
Will take a look, thank you!