Socialism is when the government *owns* the businesses, regulating the privately owned businesses is corporatism or state capitalism.

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ r u fucking retarded I said I have class

@Fingol Corporationism not state capitalism

But yeah it's not always the case for socialism like that

Venezeula is socialist, I don't think the state or workers own the MoP

but it's over regulated

price controls, over regulation etc

Socialism is an economic system based on the collective ownership of the means of production, and Venezuela is not socialist as opposed to popular belief.

The USSR was socialist

Cuba is socialist

North Korea is socialist

@Fingol Venezeula is socialist

they're literally repressed on the economic freedom

index

Let me show you freer/capitalist countries

That doesn't make socialism per se

Yes it does

These are socialist countries

Venezuela is a very shitty country

It's socialist

But it isn't socialist

yes it is

it's business freedom is lower than repressed

Define socialism

almost all of it's economic freedom indicators are the same

Where the means of production are collectively owned by the state or workers

However defining characteristics

can include strong state intervention

which is present in the countries listed above

Yes I know

theres defining characteristics

such as strong state intervention

to the point the "private" companies in Venezuela are state owned

Venezuela has pridominantly private ownership, therefore it is not socialist

Look what I said

it's over state controlled

that is SOCIALIST

any economy on the repressed section is socialist