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The title is an oxymoron. With socialism, you don't have private ownership of the means of production. Thus you cannot have start-ups with socialism.
by laut 16y ago
The title is an oxymoron. With socialism, you don't have private ownership of the means of production. Thus you cannot have start-ups with socialism.
- michaelchisari 16y agoThe base definition of socialism is "worker ownership of the means of production and distribution". Some interpret this to be state or public ownership, but others see worker co-operatives, collectives and federations to be socialist formations which can operate within a market. Syndicalists, market socialists, etc. would fall under this definition.
- hugh3 16y agoThe base definition of socialism is "worker ownership of the means of production and distribution". So, any system where people who work are free to buy shares in companies then?
- michaelchisari 16y agoNot that simple, no. Profit-sharing is not the same as worker ownership, since if shares are available to non-workers, then it's not a socialist system. Also, if workers are required to "buy in" to shares, instead of collectively owning the results of their economic organization, then that is not socialism either. What you're thinking of is still capitalism.
- hmottestad 16y agoSocialism != Communism And there are many degrees of socialism. In Norway there is socialism (to some extent) and start-ups.