"Sent from my iPhone"https://twitter.com/KateAronoff/status/1025173980259540992 …
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Replying to @Pinboard
黒田 東彦 stan Retweeted
Is Norway a failed socialist state? It seems pretty functional to me https://twitter.com/MattBruenig/status/1025413841079939073 …
黒田 東彦 stan added,
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Replying to @HarperMitchell
I think Norway is great! A capitalist economy with strong regulation, political pluralism, and a large public sector. What is not to love?
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Replying to @Pinboard
How is an economy the largest enterprises being state-owned and having board members appointed by government officials capitalist? Socialism means collective ownership/control of the means of production, and Norway is a good model for that https://www.peoplespolicyproject.org/2018/07/22/nordic-state-ownership-of-enterprise-is-a-real-thing/ …
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Replying to @HarperMitchell
I mean that private ownership of capital is not illegal in Norway, that you can start a company, issue stock, own property, incorporate, hire employees, patent an invention and profit from it, all the usual things you could not do in a state-run economy.
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Replying to @Pinboard
For many, state-run command economies are but a subset of socialist economies. Likewise, capitalist economies are a subset of market economies. Norway has a market economy, but with a large part of the means of production under public ownership and control
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Replying to @HarperMitchell @Pinboard
See also Singapore, where 90% of land is government owned, and a huge share of the economy is run under (at the very least nominal) state ownership. Yet the Heritage Foundation calls it the second most economically free country https://www.peoplespolicyproject.org/2018/03/09/how-capitalist-is-singapore-really/ …
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Replying to @HarperMitchell @Pinboard
What many are looking for is building an economy that is stablr and works for all (both domestically, and hopefully internationally). Many socialists are convinced that's near impossible with large amounts of capital under purely private control. But that doesn't precludr mkts.
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Replying to @HarperMitchell
I think we would struggle to disagree here. I think provided you keep the machinery of a free economy (like the ability to own and invest in stuff), the state can be a major or even dominant player in it, and in fact it may be for the best if it is.
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Replying to @Pinboard
One question socialists bring up, are patents a drag on the economy? And should new process efficiencies be freely shared across international boundaries? (Loaded question to which most socialists would answer yes, and probably beyond what you want to discuss rn)
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I think that gets beyond what Twitter debate can handle
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