Warrigal
SF VIP
- Location
- Sydney, Australia
Good question.What's your definition of socialism?
Communism/capitalism is not a binary situation. I see it as a continuum with various combinations in between. Australia is clearly towards the capitalism end of the continuum but I consider us to be a social democracy with limitations on private enterprise imposed by governments to protect consumers and workers. Competition, the driver of capitalism tends to be less effective in countries with smaller populations. Without government imposed checks and balances the consumer is price gouged by greedy corporations.