

The welfare state isn’t capitalism working as intended. That wasn’t what I was saying, nor am I saying that the welfare state is a result of capitalism. That was ultimately a result of workers fighting for their rights.
What I am saying is that the government not leaning heavily into laisez-faire capitalism, and them interfering in capitalism where needed, is what is making the European capitalist model largely work as capitalism is supposed to work. The government is there to prevent negative externalities and prevent monopolies from forming.
Ultimately the “correct” implementation of capitalism doesn’t exist. Only one which creates the most benefit for the people while reducing its negative outcomes.
It is a tool you can use in places where it makes sense to use it in order to drive innovation and lower costs to consumers.
The government can set regulations in order to guide capitalism to that outcome, and can directly interfere to do things themselves in industries where it deems fit to do so.
Edit: Fixed a typo in my first sentence, making me say the exact opposite of what I was trying to say…





Yes, but the trade deal also has a clause in it that the US has to honour their end of the deal.
If they don’t honour their part of the deal, the trade deal is null and void