cross-posted from: https://slrpnk.net/post/18628816
“The global north must take responsibility for reducing its own consumption and building domestic renewable capacity, instead of externalising socio-environmental costs to the global south. We must continue to fight to decolonise and transform the global financial architecture.”
Briefly, an economic system that is based on private entities controlling the production. Infinite growth is part of it. The role of government differs depending from one school of thought to an other but the tendencies are from minimal to none interventions of the government. Of course I could go on, but I thought of keeping it short.
Well, to my knowledge, for several decades now they have been calling it, Socialist Market Economy and the rest of the world knows it’s just a market economy.
Btw what is socialism to you?