Markets don’t “create wealth”. People’s work creates wealth. Banks don’t create wealth, they create debt and allow more money to go into circulation than actually exists.
I think the world would make a giant leap forward if we could all agree on this. Sad thing is that finance basically exist to muddy the waters of what value is. (EDITED, incorrect formating)
I think that’s part of the issue. Social democracies tend to be far more run by the people. They tend to be highly influenced by capital power but not directly and that’s a huge difference. Most countries where this exists don’t have a gigantic money moving machine from corporations to politicians like the USA it’s subtle by way of capital flight.
Social Democratic countries tend to take a lot of money from taxes and invest into public services and infrastructure. If you want to look at it in an optimistic light it’s a middle term to reach true socialism. I agree with it’s problems, I don’t identify as a social Democrate mostly because I feel it’s an ideology with the mere goal of trying to slow capitalism and that’s a goal too small for my liking.
Mostly priorities
Don’t know why I’m commenting this on a Linux thread but I would like to invite you to read a bit more about socialism, what communism is and why in way shape or form was ever attempted. A true communist society would require a lot of thing that are simply not possible without a massive shift in culture, society and relations to power and globalization. Any communism you are thinking about is mostly marketing communism by the the “communist” countries themselves that started basically as a primitive form of revolution and got stuck in the phase after it in which basically created a authoritarian regime that didn’t even attempt to be true communism. Noam Chomsky has a very cool video speaking about leninism which he goes into detail. Don’t fall on me for the comment it was just an invite