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The base definition of socialism is "worker ownership of the means of production and distribution". Some interpret this to be state or public ownership, but ot
by michaelchisari 16y ago
The 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.