Communist and socialist are the least rational among us. Eyes closed to historical outcomes. They risk all members of society to attain a perceived sense of virtuousness.
Regulation to mitigate risk isn't socialism. Socialism is Venezuela and its starving. Zimbawa and its perpetual hell. Cuba, SA etc... Even Europe with its socialism-lite has gone into a dark age. They no longer innovate. And much of the continent is becoming third world.
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You're right. I'm confusing socialism (social ownership) with social democracy (correcting for social justice). In Europe they're often used as synonyms.
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