- Feb 13, 2012
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I’d choose option 3. In a fully socialist government whenever a business gets to a certain size it would get bought out by the government, probably about when businesses tend to become corporations in the US.
There are four things a government can do to businesses. They can own them, regulate them, fund them, or leave them alone. The first is socialism, the last capitalism. When government pays for things like healthcare and education but does not own hospitals or schools I think we should call that distributism. So Public schools are socialist, school choice vouchers are distributist, and private schools without vouchers are capitalist. Every country has a mix of all three.
There are four things a government can do to businesses. They can own them, regulate them, fund them, or leave them alone. The first is socialism, the last capitalism. When government pays for things like healthcare and education but does not own hospitals or schools I think we should call that distributism. So Public schools are socialist, school choice vouchers are distributist, and private schools without vouchers are capitalist. Every country has a mix of all three.