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If private owners of the means of production rule society, it's called "capitalism," not "socialism."

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No, the merging of state & corporate power is called fascism. When corporate owners become the government or control the government it is often called corporate socialism just as Lenin called Stalinism, State Capitalism. Actually what we are heading for has been named Neo-Feudalism or Techno-Feudalism:

This Pivotal Moment - Episode 2 - Part 5 - The Real Great Reset

https://www.youtube.com/watch?v=xdAaaIjZkXE

"The World Economic Forum's much publicized Great Reset heralds the end of human freedom for all but those at the pinnacle of the new social hierarchy that is emerging with billionaires and technocrats at the top, as the new techno-feudal lords, and everyone else as a surveilled and controlled neo-serf class. This is not the type of world you want live in."

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Fascism is the logical end-state of capitalism. That's the reason all of the globalizing institutions, including the WEF, are created and controlled by global capitalists, the private owners of the means of production.

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And yet we are being diverted into Feudalism.

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I accept your acknowledgement that you were wrong to claim that capitalists are socialists.

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I ain't wrong and I didn't claim that. What you are wrong about is your simplistic view that the you can divide political systems neatly into your two categories:

1) capitalist, 2) socialist

What's communism in your view?

I personally advocate for the managed Free Market Economy which is neither socialist or capitalist.

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