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Oopsie Daisy

(6,669 posts)
1. Social Security is an insurance program...
Sun Aug 10, 2025, 05:31 PM
Aug 10

Social Security is an insurance program, not an overthrow of capitalism: The core function of Social Security is as a social insurance program against the loss of earnings due to retirement, disability, or death. It operates within a largely capitalist framework, funded by contributions from workers and employers, and doesn't advocate for the abolition of private property or the collectivization of the means of production – hallmarks of a fully socialist economy.

Social Security is based on the theory of "social solidarity" as opposed to the class struggle emphasis of Marxian socialism.

Social Security is a social insurance program within a capitalist system, aiming to address market failures and ensure a basic level of economic security. While it shares some superficial similarities with socialist approaches to social welfare and government intervention, it does not aim to replace the capitalist system itself with a socialist economy.

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