Capitalism: private ownership of means of production.
Example: a business owned by an individual, who employs people to work for the owner’s benefit, while the workers get a small paycheck in return.
Socialism: social ownership of means of production.
Example: a business owned by the people who work there, with no private owner or anyone at all above them; workers share the profits generated by the business and manage it collectively.
These economic models are diametrically opposed. It is not possible to have both. It would be like trying to be both short and tall.
There is a middle ground, but nobody wants to admit it because we love disagreeing
It is literally impossible.
Example: a business owned by an individual, who employs people to work for the owner’s benefit, while the workers get a small paycheck in return.
Example: a business owned by the people who work there, with no private owner or anyone at all above them; workers share the profits generated by the business and manage it collectively.
These economic models are diametrically opposed. It is not possible to have both. It would be like trying to be both short and tall.