General Discussion

westerebus

(2,978 posts)

53. Letting you know.

Sun May 13, 2012, 10:18 PM

May 2012

Socialism is about ownership, the common ownership of all means of production by the totality of the population from which the benefits derived are shared by the population.

Capitalism is about private ownership of the means of production to the benefit of the owners.

Regulation occurs in both systems.

Regulation is not socialism.

Lack of regulation leads to crony capitalism were by the owners promote their self interest to the detriment of anybody else.

It is more complicated, but in a nut shell that's the difference.

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Iceland Gets it right~ Why No media coverage? [View all] Pharaoh Apr 2012 OP

Real Democracy at work. hobbit709 Apr 2012 #1

Yep lovuian Apr 2012 #2

It worked. obxhead Apr 2012 #3

+1 leeroysphitz Apr 2012 #10

Love it. K & R eom TransitJohn Apr 2012 #4

Is there a way to sticky this??? Zalatix Apr 2012 #5

Because it doesn't edhopper Apr 2012 #6

American corpora-politics just isn't evolved like that. HughBeaumont Apr 2012 #7

Also we don't have the rapid change from a parliamentary system. They game between elections. freshwest Apr 2012 #37

the very last thing the corporate controlled news will ever talk about is... Javaman Apr 2012 #8

Your answer is in your title -- because they got it right. And because "right" means that the Nay Apr 2012 #9

I know :o) Pharaoh Apr 2012 #12

"to extricate itself from its rich-people problem" woo me with science Apr 2012 #40

Two reasons: hifiguy Apr 2012 #11

Because Americans might figure it out. mmonk Apr 2012 #13

You really want to know why? Or is this just ideological storytime? mathematic Apr 2012 #14

Your arguments are valid and ultimately point to the fact that democracy BridgeTheGap Apr 2012 #18

"Storytime" - interesting choice of words considering your post's basis in reality... ExPatLeftist Apr 2012 #23

Stockton??? A greater impact??? mojowork_n Apr 2012 #33

But, but, but, Typical NYC Lib Apr 2012 #15

Much as I admire them, they had it easy, being the first saras Apr 2012 #16

Too bad nobody reads the NY Times any more... TreasonousBastard Apr 2012 #17

Greece's actual problem is that traded away its currency sovereignty. girl gone mad Apr 2012 #32

Iceland never joined the Euro. Nye Bevan Apr 2012 #19

Exactly and.. Puzzledtraveller Apr 2012 #20

From an expat living in Iceland for 16 years (and an Icelandic citizen) this is mostly inaccurate. ExPatLeftist Apr 2012 #21

Awesome response, thank you Puzzledtraveller Apr 2012 #24

Thank you very much, Puzzledtraveller. :) n/t ExPatLeftist Apr 2012 #27

thank you so much for your perspective librechik Apr 2012 #28

Thank you :) ExPatLeftist Apr 2012 #29

More on "more cronyism and smoke and mirrors" mojowork_n Apr 2012 #34

Thanks for writing this, this is the very first thing I saw this morning and was Egalitarian Thug Apr 2012 #31

Thanks very much. This is ballyhooed a lot in teabagger and CT circles. freshwest Apr 2012 #38

Thanks for your posts on this topic. Scuba Apr 2012 #44

exactly! the banks everywhere have been ripping off the people for years--why should we pay librechik Apr 2012 #22

Please I beg you do not use Iceland as a role model in this case. ExPatLeftist Apr 2012 #26

This is one case of letting the market sort it out that actually does work. Gregorian Apr 2012 #25

the threat of a good example HiPointDem Apr 2012 #30

Over the last decade or so, many countries in Latin America.... bvar22 Apr 2012 #35

Yes, after much suffering under IMF rules, Argentina defaulted on its debt Lydia Leftcoast Apr 2012 #48

Humbly submit that Iceland has a Population of 320,000 SadPanda Apr 2012 #36

Not many people would ever travel to Iceland? I beg to differ! Lydia Leftcoast Apr 2012 #47

kicked. shcrane71 Apr 2012 #39

DU Rec. nt woo me with science Apr 2012 #41

Amazing! nt Sarah Ibarruri Apr 2012 #42

PLEASE READ POST #21 BEFORE RECCING ExPatLeftist Apr 2012 #43

We have a One Percent Media! Mosaic Apr 2012 #45

I'm arguing with someone that this is a socialist answer Lawlbringer Apr 2012 #46

Why do you think it is socialist? Quantess Apr 2012 #49

Well... Lawlbringer Apr 2012 #52

Letting you know. westerebus May 2012 #53

Excellent. Lawlbringer May 2012 #54

You're welcome. n/t westerebus May 2012 #55

Because they did what every other country should have done, start arresting those responsible sabrina 1 Apr 2012 #50

I wish they had started arresting them.... n/t ExPatLeftist Apr 2012 #51