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Neither Capitalism nor Socialism can pretend to be an ideology. They are merely methods for dividing ownership and income. What is most peculiar for such theoretically practical methodologies, which are also theoretically opposed to each other, is that neither of them has ever existed, except in a highly tentative form. And even then they are invariably mixed together. Their mutually exclusive vocabularies have more to do with basic similarities than with differences.

John Ralston Saul#6

IdeologyCapitalismEconomicsSocialism

About this quote

What does it mean?
Capitalism and Socialism are practical methods that never existed purely and share more similarities than differences.
In plain terms
Both systems are mixed and theoretical rather than pure.
What can you take from it?
Economic ideologies are more similar than opposed.

Where it applies

  • economic policy
  • political debate
  • ideological critique

Putting it to work

  • analyze mixed economies
  • debate economic systems

Questions to consider

  • Are economic labels misleading?
  • How do these systems actually differ?

Another view

Purists argue both systems have existed distinctly in history.

More from John Ralston Saul

  1. Thus the Age of Reason has turned out to be the Age of Structure; a time when, in the absence of purpose, the drive for power as a value in itself has become t…

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  2. [S]hould we attempt to use sensible words to deal with these problems, they will be caught up immediately in the structures of the official arguments which acc…

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  3. We talk endlessly of the individual and of individualism, for example, when any sensible glance at major issues indicates that we live in an era of great confo…

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