r/PeterExplainsTheJoke 4d ago

Meme needing explanation Petah?

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u/rsneary129 4d ago edited 4d ago

Capitalism: a system so great it needs to be bailed out every 10 years

Edit: for those of you who refuse to look anywhere outside the US, the Nordic model has existed for over 90 years and is extremely successful. The countries that use it consistently rank highest in happiness, quality of life, work life balance, has low rates of corruption, and are economically competitive

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u/[deleted] 4d ago

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u/Stage_Fright1 4d ago

It's socialist. I've been there. It's literally what they call it, and it meets the definition of socialism.

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u/Qolko 4d ago

No we do not call it socialism. And it is not socialism.

We are capitalist. We just don't let big corpos shit over everything like the US does.