Moriarty
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Please do not think I am trying to pick a fight as I am not. But capitalism is an economic system. I think a lot of people confuse it as it is tied up with democracy but socialist and communist countries have capitalism. China is considdred a state capitalist country economically whilst still being communist in polical function/structure. Dependent upon your view the nordic countries are socialist and have a form of capitalism for example Norway also has a form of state capitalism but is changing to a more globalist form of capitalism.
Now, theres a stretch.
Capitalism by it's very nature is free market economics.
Once the state legislates what can and cannot depend on the free market then you have a problem.
Democracy is supposed to be about small government, minimal interference.
If you apply any left leaning ideology like socialism, communism, nazism or fascism to free enterpise it is no longer true capitalism.
It is simply a political tool, full of state management.
Now while we do have state controlled limits on pricing in the UK, see the latest increase in energy caps as an example.
One cannot say Communist China is Capitalist as most of its business is either state owned or state controlled.
As for the Nordic countries, they are not socialist, they are democratic socialist, which is a very big differentiation.
The Nordic countries are also riddled with immigration problems, rising crime and national instability which is already seeing changes to the way the public see government.
Socialism, if done properly is an ideal, but it fails to take into account one simple thing.
Human nature.
People wish to better themselves, not be dragged down into a race to the bottom.
Or they wish to assume power they have not earned by berating those who do.