domenica 10 agosto 2014

Socialism, socialdemocracy, mixed economy

In the previous post I discussed the differences between socialdemocracy (Geramny, Sweden, Denmark) and mixed economy (Italy and Britain before 80s). The differences between them and with socialism can be phrased, anyway, in another way. In socialist economies, the lower classes take away all the wealth and property from the upper classes; in socialdemocracy lower classes take away part but not all of the property, in mixed economies the lower classes do not take anything from the upper classes, but develop a parallel, state-owned economy side by side with the free enterprise. Put in this way, mixed economies - such as that of Italy before 1989 - are far from socialism and vey close instead to liberal economies. It is therefore not suprising that the transition to fully liberist models happened so rapidly, in the 802 in Britain and ten years later in Italy.

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