this post was submitted on 02 Apr 2026
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Late Stage Capitalism
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They are diametrically oppositional and anyone who says otherwise is completely ignorant of political theory.
Capitalism is an economic system which utilizes a system private ownership over the means of production. Socialism is a system of collective ownership. You cannot have private and collective ownership simultaneously.
Do not confuse capitalism with commerce.
Well, there is state capitalism like China, where production is theoretically owned publicly via representatives of the people, but in practice is more like private ownership with extra steps.