Why are you referring to Venezuela and not New Zealand or Australia? Or European countries?
@Jaysonava "Several prominent political parties in New Zealand, such as the New Zealand Labour Party, have historical links to socialism but are not generally considered socialist today due to their acceptance of a capitalist economy."
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Disagree. Even in a capitalistic society, Capitalists can use the government to control the people too. (A country can't get universal health care because some capitalist have decided that its bad for their wallets so they buy the government and all mainstream media and use them to make sure the people are screwed... while pretending that they live in a democratic society. There's so many more examples of this kind of control.) Authoritarianism or anything close to it is not exclusive to any particular *ism.
@The_Other then tell me where in history as socialism worked?
No no, your looking at it all wrong... Over all my view is that socialism isn't inherently a bad thing, also capitalism isn't inherently a bad thing as long as there's a healthy mix of both. We can not have a purely socialistic or purely capitalistic economy because that economy will simply fail. The biggest problem is that people see this as a black/white issue instead of trying to find a reasonable balance between both. For instance, there are some parts of the economy that it makes sense to be capitalistic, for instance we can't rely on government to control production of iphones or wedding cakes... Then there's essential parts of the economy in which we can't allow private interest with profit incentives to be in control off, for example health care, security (policing, military, firefighters etc) important policies that protect the environment, infrastructure etc etc...
What about all the socialist countries that are not communist?
@Jaysonava such as Venezuela? What's happening there?
yes i know about failed socialist dictatorships. i am Romanian. doesn't mean i want to privatize everything