• futatorius@lemm.ee
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    16 hours ago

    That’s not socialism. It’s state capitalism. Socialism would mean the workers owned (and controlled, not just nominally owned) the means of production.

    • masterofn001@lemmy.ca
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      2 hours ago

      I was wrong. The term is widely used - incorrectly in Canada for a lot of things.

      You sent me down a rabbit hole of information regarding various types of state owned corps.

      TIL a lot.