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<blockquote data-quote="zubenelgenubi" data-source="post: 4446918" data-attributes="member: 63706"><p>In a socialist economy, the means of production are owned socially, which normally means owned/managed by the government. If the government doesn't own all business activity, then they tell businesses what and how much they can produce. Socialist states have welfare programs, if they can afford them.</p><p></p><p>A welfare state almost always employs capitalist economic structure, and taxes private enterprise and individuals heavily to support welfare programs.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 4446918, member: 63706"] In a socialist economy, the means of production are owned socially, which normally means owned/managed by the government. If the government doesn't own all business activity, then they tell businesses what and how much they can produce. Socialist states have welfare programs, if they can afford them. A welfare state almost always employs capitalist economic structure, and taxes private enterprise and individuals heavily to support welfare programs. [/QUOTE]
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