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this post was submitted on 10 Nov 2025
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Social Democracy slowly transitioning into Democratic Socialism.
Eventually automation will be able to provide UBI, and people need to work less hours.
Norway is a great country btw. ๐ณ๐ด
Al hail Norway!
I always hear is great to live there. And Denmark.
The definition of capitalism is more or less private ownership, free markets and so forth, so norway very much qualify as capitalist.
I have a slightly more cynical view on automation, not that the rich get richer, but that the marginal cost of working an hour less is greater with higher automation, so people would rather work the same hours and afford even more cool stuff than work less hours.
Different definitions of capitalism make this debate a mess tbh. State capitalism would be a antithesis to description you provided but tauntalogically capitalism.
Corporatism is also clearly a type of capitalism but as corporate monopoly increases markets observably become less free and private ownership is constantly challenged by rent seekers.