"Socialism" has become a political vessel into which both the left and right project their hopes or fears, but it's time we started speaking the same language.
There's for sure a market freedom spectrum that goes from full blown centrally planned economy, to Lenin's NEP, to heavy price controls, to China-like mixed economy, to limited price controls, to Eastern European mixed economies, to Northern European welfare states and so forth. The cutoff for what people consider socialism in the spectrum varies. Marxism, however, is not just an economic ideology, it's a prophetic religion.
Super informative! Now I have solid talking points, so thank you for this
There's for sure a market freedom spectrum that goes from full blown centrally planned economy, to Lenin's NEP, to heavy price controls, to China-like mixed economy, to limited price controls, to Eastern European mixed economies, to Northern European welfare states and so forth. The cutoff for what people consider socialism in the spectrum varies. Marxism, however, is not just an economic ideology, it's a prophetic religion.