this post was submitted on 25 Nov 2025
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Explain Like I'm Five
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tell me where capitalism works?
Depends what you mean by capitalism. It doesn't have one universally preferred definition either.
If you mean markets, even the USSR had one.
If you mean big corporations running everything, we don't live in capitalism right now.
Feel free to add if you mean something else.
Obviously not markets, everyone has those, also communist countries.
They are simply regulated differently.
That is ultra capitalism, the final step before fascism/corporatism which capitalism ultimately leads to by design.
It hasn't existed anywhere before - the OG fascist countries were built on top of fairly typical market economies for the time, with actually had much more interventionism than now, maybe China-level.
You didn't give a third option, so I guess we're done.