this post was submitted on 08 Jun 2023
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Must of missed the whole market socialism thing in the Nordics and under Blair in the UK?
That's not market socialism, at best it's called Keynesianism.
Yeah you're right. I think it originated from Adam Smith? Vietnam would probably be described as market socialist
The Nordic model has social policies
Blair described his as an alternative to socialism
Market socialism examples are Yugoslavia and Poland in the 70's. Nordics have capitalism with (currently being cut) social safety nets, one of prime characteristics of socialdemocracy, ideology that do not promote socialism but capitalism with "human face", as Nomad said, based on Keynes work. Blair and his followers in many countries went much off even that into the neoliberalism.
Yep, I was wrong.