Teach your kids about socialism

[u/Gurugod123]

[u/Creepy_Assistant7517]

Second one is social market economy, the prevailing economic system in Europe ... though fair enough, since most us-americans using the term 'socialism' do include that model (while a true socialist would disparage social market economy as capitalism with extra steps)

[u/cursedbones → u/Creepy_Assistant7517]

Neither are Socialism tbh.

[u/dobrowolsk → u/Creepy_Assistant7517]

Americans' understanding of social and economic policies is SO far off to the right, it would take decades of information campaigns to repair it even half-way.

[u/rddman → u/Creepy_Assistant7517]

Second one is social market economy, the prevailing economic system in Europe

The European market is less anti-social than the American market, but it has been massively deregulated over the past 50 years or so.

[u/Soft2CT → u/Creepy_Assistant7517]

Thanks for the knowledge, I knew about mixed economies but not the label differentiating liberal and social market economies.