So here is my dilemma. We import all food and goods, too small for agriculture. Our main economy is built on financial services and tourism mostly. Our social safety net and most of our let’s say, liberal left leaning policies are being eroded as time goes by, which is not ideal, but is still better than nothing I guess.
However, since we trade our service based economy for essentially everything else, how does socialism help a nation so dependent on the world around it being capitalist to survive?
“We trade our services for goods” What made you think that was incompatible with socialism. Commerce isnt Capitalism. The reason a lot of socialist nations end up being so self reliant is capitalist nations embargo them. In a socialist world there would be MORE international cooperation not less.
Now are banking services really all that lucrative under socialism? Not really. But you can do other things instead.
I’m not saying socialist trade is incompatible. We are not living in a socialist world right and we depend on capitalist trade out of necessity to exists.
Thats true of all capitalist nations tho. Even the most powerful and large ones economies would collapse if cut off from all trade