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Late Stage Capitalism
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I believe when you centralize all economic power in a government it will very likely breed corruption, nepotism and eventually fascism, making it impossible to transition to worker owned means of production.
Isn't anarchism a form of socialism though? It doesn't have to be centralised.
You're doing a meme right now. This isn't what socialism is, textually, like, not even related.
What is it then?
Spoiler alert: you will probably describe social democracy