this post was submitted on 26 Jan 2025
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Late Stage Capitalism

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cross-posted from: https://lemmy.ml/post/25177343

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[โ€“] lurch@sh.itjust.works 2 points 4 days ago (1 children)

A country can have one type of government, like monarchy or anarchy or so, and also one type of economy like communism or socialism or so. Of course, there will be some interaction, eg. laws the government makes can affect the economy or the corruption in the government will manifest differently in another type of economy.

If for example, the king in a monarchy decides to switch from capitalism to socialism, there is nothing that forbids the combination with monarchy. Same, if a king gets toppled and the citizens switch to democracy, they can keep their former type of economy. They are very different properties of a nation.

[โ€“] njm1314@lemmy.world 1 points 4 days ago

Could you please give me an example of a country that has a monarchy and exercises communism at the same time? I would love to hear about this.