Whether something is socialist depends on the end goal
Posted on: July 20, 2021 at 10:01:57 CT
SparkyStalcup MU
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more than the method. If it is more for the common good, it is more socialist. If it is about individual gain, it is more capitalist.
Credit Unions are considered to be nonprofit and more of a socialist concept, but they do need earnings to survive, more to cover expenses than anything, but also to provide a benefit to the members. Their earning benefit the entire membership rather than a few stockholders.
Edited by SparkyStalcup at 10:02:12 on 07/20/21