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TIL I live in socialist EU.
Article 3 (3) TEU:
Emphasis mine. In a nutshell a social market economy is a Realpolitik compromise between capitalism and market socialism, where private ownership of the means of production is tolerated but said ownership doesn't entail complete power over it, through e.g. co-determination laws.
To make this more concrete, and maybe blow some Yank's mind: Volkswagen's employees elect 50% - 1 seats on the board. Together with shares held by Lower Saxony (usually run by a socdem government) they run the place, no matter how many shares the Porsche/Piëch clan and the Saudis have. It's why VW itself worked towards unionising its own plant in Chattanooga, to the bewilderment of many. Sadly can't unionise the plants in China the CCP hates it when workers have a say.
Ironic for China to not like unions.
Tankies gonna tank.
OMG they cat even communist properly.
Lucky you
Must be a different EU
TIL I'm emigrating to socialist EU.
No, the UK isn't in the EU. Unless I'm misremembering your posts
I realize this. I was joking that the UK isn't going to take up Trump's economic model. It isn't going to be like the EU either.
If you consider that European conservative parties are on the same political spectrum range as the US Democrats, and the US Republicans are basically the European neo-Nazis, this makes Americans see normal European social-Democratic parties as "communists".
The American political spectrum has shifted to the right in ways that prepared the ground for Trumps coming Machtergreifung.