2 responses

  1. Xander13
    November 6, 2019

    I would disagree with the author of this article on a few points. Firstly, I would define socialism as any economic system in which the majority of the means of production are socially-owned. Social ownership (also known as collective or common ownership) is a form of economic ownership in which an enterprise is controlled by the people who work in it.

    Although some forms of public ownership qualify as socialist because they involve workers’ control, the ones that you mentioned which were model in which state bureaucrats manage the companies on behalf of the state. No serious socialist of any stripe would ever call that socialism (not even Leninists by the way).

    State capitalism would be a more accurate term to describe an economy where the state manages the economy for profit. Socialized enterprises, employee-owned companies and cooperatives qualify as socialism because the workers directly and democratically decide how the enterprise should be managed.

    Reply

    • Keff
      November 2, 2020

      Hey could you teach me more about this economic model? It seems like this is the direction us should be taking.

      Reply

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