- Capitalism and Alternatives -

socialism = economic freedom

Posted by: Nikhil Jaikumar ( PCC, MA, USA ) on July 16, 1999 at 03:17:04:

In Reply to: go with a free-market posted by DonS on July 15, 1999 at 10:46:52:

You evidently have no idea what socialism is. Socialism is the common and democratic ownership of the means of production, to be used in the interests of people instead of profits. It is thus incompatible with a command economy.

Market socialism is what they had in Yugoslavia, to some extent, or what they're tryoing to build in Eritrea. A significant part of teh economy is owned by teh people, but these industries are expected to make a profit. It's not perfect because it still forces companies to obey the dictates of teh market (possibly to lay off workers, etc.) but it is at leats better than market capitalism.

A regulated mixed economy is fascism? Are you joking? fascism refers toa specific political system, in which a conservative dictatorship is run with the broad support of the business class and on the basis of nationalism. As such, "socialist fascism" is an oxymoron. A regulated moixed ecvonomy siu what they have in india, teh world's largest democracy.

So you are not a supporter of economic democracy? Do you not like political democracy either/ or do you like having no control over your labor power, seeing the fruits of your work go to line the pockets of your boss?

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