@j-krieger Arguing that the existence of regulations makes an economy non-capitalist is something I've only ever seen extreme left and extreme right-wing people make. Everyone else recognizes "capitalism is a system based on private ownership, wage labor, and private capital accumulation" as a fundamental truth, including, like, all experts in this field. Ultimately, you're making a No True Scotsman argument.
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")
> @j-krieger Arguing that the existence of regulations makes an economy non-capitalist is something I've only ever seen extreme left and extreme right-wing people make.
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.
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")