Ireland is a democratic republic with a very strong Capitalist system. In fact, Ireland is more capitalist than the United States. Well, Ireland does have a Social Welfare System, but that’s just one point for socialism. The low Irish corporate tax system, high cost of attending universities, nepotistic politics, a higher number of millionaires per capita, privatization of major corporations, and healthcare system are several factors to weigh the scale in favour of ‘Capitalism’.
This article delves into details of the Socialism vs Capitalism debate in Ireland.
Disclaimer: This is just my personal opinion based on my interpretation of facts.