America’s & all European nations’ economies are all on a continuum between CAPITALISM, INTERVENTIONISM, FASCISM & SOCIALISM, with most being more closely aligned with economic Fascism.
CAPITALISM, an unalienable (innate) right of the individual to use their own property to pursue happiness. The 1% of citizens in the governing class are given the responsibility of protecting the unalienable rights of the individual to use their own property in their own best interest, subject to certain restrictions that apply to all individuals within the nation, including the 1% in the governing class.
INTERVENTIONISM or mixed economy, the 1% of citizens in the governing
class are granted limited powers to guide the market process, not
eliminate it. Ultimate control of the economy is still based on what the
producer & consumer think best & not the governing class.
Socialism is a centrally planned economy where through the 1% of citizens in the governing class own & control all means of production for the “good of the people.” Socialism results in 99% of the people getting an “equal share” of whatever is left over after the governing class has taken what they need to live the luxury lifestyle they believe they have earned for the important function of running (screwing up) the economy, granting & taking the rights of the 99% not in the governing class.
FASCISM controls an economy indirectly, through domination of private owners who are required to use their property in the “national interest” as the 1% of citizens in the governing class believes best. Where Socialism abolishes all market relations outright, Fascism leaves the appearance of market relations through state ministries planning all economic activities by setting all prices and wages based on politics & abolishing entrepreneurship through prohibiting all economic activity without government permission – licensure. All levels of consumption are dictated by the governing class that takes “excess” incomes (profits) as taxes they call “investments” which the governing class spends on themselves & then use whatever is left over to do good for “all the nation.”
Socialism is a centrally planned economy where through the 1% of citizens in the governing class own & control all means of production for the “good of the people.” Socialism results in 99% of the people getting an “equal share” of whatever is left over after the governing class has taken what they need to live the luxury lifestyle they believe they have earned for the important function of running (screwing up) the economy, granting & taking the rights of the 99% not in the governing class.
FASCISM controls an economy indirectly, through domination of private owners who are required to use their property in the “national interest” as the 1% of citizens in the governing class believes best. Where Socialism abolishes all market relations outright, Fascism leaves the appearance of market relations through state ministries planning all economic activities by setting all prices and wages based on politics & abolishing entrepreneurship through prohibiting all economic activity without government permission – licensure. All levels of consumption are dictated by the governing class that takes “excess” incomes (profits) as taxes they call “investments” which the governing class spends on themselves & then use whatever is left over to do good for “all the nation.”
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