While I don’t disagree with your main point, to my knowledge Finland is still capitalist, it just has a robust safety net, regulations, and workers’ protections, like most of Europe, and unlike much of the US.
Yeah, a lot of people think that, and they’d be wrong.
We’re a social democracy.
https://en.wikipedia.org/wiki/Social_democracy
Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy and supports a gradualist, reformist and democratic approach towards achieving socialism.
Learn to separate your notion of “capitalism” from “market economy”. Capitalism is to market economy what cancer is to cell growth. It is that, but it is a malignant form of it that will never ever function in long term, and it’s very clear to anyone who objectively looks at it. Infinite growth on finite materials is literally impossible.
From the very source you used, the very next sentence:
In practice, social democracy takes a form of socially managed welfare capitalism,
Yeah I’m pretty sure that wasn’t there the last time I read about that.
It’s a highly contested article, because people hate admitting that socialism is better than capitalism.
But when you look at the ideologies prescriptively, socialism is about the welfare of everyone in said society, while capitalism is about accumulating capital, at whatever cost. These are mutually exclusive objectives.
Thus, it’s unerasonable to say that there’s a “form of capitalism that isn’t capitalism but actually is more like socialism but it’s not actually socialism it’s just well managed capitalism”, because capitalism by itself is unmanaged. Capitalism seeks to get rid of any regulation. Capitalism seeks to have the most profit for the least cost. This ideology conflicts with making good products and treating your employees well.
There’s no such thing anywhere as unrestricted capitalism. Even the US, the very center of the modern capitalist movement, isn’t “purely” capitalist. If if was, it wouldn’t have socialist policies like the antitrust laws.. But it has to, because without those, the economy would collapse, because capitalism is self-defeating, just like cancer..
