this post was submitted on 22 Jul 2023
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The EU doesn't do any hybrid model. Social democracy is still capitalism, being less shitty than the US doesn't make the EU any less capitalist.
Regulated capitalism can be a lot of things. Even good things, I claim. Furthermore, unregulated capitalism turns into feudalism, which is someything we see now in digital sphere a lot. EU tries to regulate capitalism to get the best parts of it, like rewarding fair competetive environment - paradoxically, fair competetion favors collaboration. An alternative to favoring individual and collectove agency is authocracy, and dictors never remain benevolent for long.