r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

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u/rsneary129 9h ago edited 8h ago

Capitalism: a system so great it needs to be bailed out every 10 years

Edit: for those of you who refuse to look anywhere outside the US, the Nordic model has existed for over 90 years and is extremely successful. The countries that use it consistently rank highest in happiness, quality of life, work life balance, has low rates of corruption, and are economically competitive

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u/H20memes 8h ago edited 6h ago

Any other system ends up with millions dead from starvation, I think I'll take capitalism

Edit: Lots of commies in this sub, just gonna leave this image here :)

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u/jjrr_qed 8h ago

Exactly. There are dozens of experiments with socialism, short of communism, in the western hemisphere in even the last 50 years. And they all fail miserably.

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u/rsneary129 8h ago

How do you explain Norway, sweeden, finland, denmark, and iceland

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u/TriNovan 8h ago

Literally none of those are socialist. Denmark even made a point to ask Bernie Sanders to stop calling them socialist.

Social Democracy and Socialism are not synonyms. Social Democracy is at its core capitalism with a hefty social welfare safety net and strong regulations.

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u/jjrr_qed 7h ago

All robustly capitalist nations—ask their finance ministers.