r/Glasgow Tools

Title
Author	MathanGeal
Comment	No look at the definition of the two. Socialism in it's true form wouldn't allow a private business. So as long as you allow free commerce to compete with socialised systems, it's a market economy. By your definition, Costco would be socialist.
Reddit Link	https://www.reddit.com/r/glasgow/comments/p105x5/discussion_president_biden_will_be_visiting/h8as3dx/
Created	Mon 9th Aug 2021 5:00pm
Status	normal ()

No look at the definition of the two. Socialism in it's true form wouldn't allow a private business. So as long as you allow free commerce to compete with socialised systems, it's a market economy.

By your definition, Costco would be socialist.