If Socialism is Capitalism with more regulations, is the United States Socialist too?
Not a bad question, if you’re honestly looking for conversation, but I get a feeling you’re trying a “gotcha” more than asking in good faith.
It’s more or less like sexuality; a spectrum more than anything black-and-white, even when people usually speak of it as either or (or “a mix of” = bi).
“Pure” capitalism doesn’t exist anywhere. It’s never even been tried as much as communism. Well, not in a developed, civilized world. What I mean by that is by the time that any sort of currency has become a thing, there’s also been regulation, even if not written. “Pure” capitalism would mean large, completely unregulated markets. There’s just no such thing, nor ever has been. Because capitalism is by it’s nature self-defeating. The competition which puts profit over anything means that the one who profits most, by any means necessary, will win and get to establish a monopoly that will then dry the market completely out.
Which is why the US, despite being so obviously politically and economically (having such few regulations and worker protections for a supposedly developed nation) capitalist, has things like a minimum wage (more or less) and antritrust laws. Because they help keep the capitalism from eating itself to death.
You want a source? Marx’s Capital. Read it, you might learn something, even if accidentally.
Nice try, but you haven’t, that’s quite obvious.
Also, laissez-faire is essentially “without intervention”, when we all know that companies wield just a megaton of political power in the US and interfere in politics constantly, in order to keep free of regulation.
“Takes influence from Marxism”
And which economic school of thought hasn’t been influenced by Marx in some way or another? Since you say you’ve read “Das Kapital”, you obviously didn’t forget who came up with the term “capitalism”? Wouldn’t — arguably — taking a name for your school of thought be counted as “being influenced by”? (No, I’m not being serious, I’m doing the same sort of gotcha-shit you did in to showcase you how silly it is.)
I’m still waiting on you to elaborate on how I “misunderstood” this sentence:
Social democracy is a political, social, and economic philosophy within socialism" (sourced from Eatwell & Wright 1999, pp. 80–103; Newman 2005, p. 5; Heywood 2007, pp. 101, 134–136, 139; Ypi 2018; Watson 2019.)
Or you know, for you to source any of your hilarious bullshit