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\\\"Welfare state socialism\\\" is a conservative buzzword, not a real form of socialism -- it\\\'s a pejorative term applied against social liberalism, regulated capitalism, and basically anything with more government economic involvement than completely laissez-faire capitalism would have. As what you\\\'ve described as \\\"welfare state socialism\\\" has the means of production privately owned and controlled, it\\\'s therefore \\\'\\\'still\\\'\\\' capitalism.
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