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>Socialism is social ownership of the economy Having a large portion of the population with fractional ownership over a broad portion of the economy (via ETFs,
by perpetualpatzer 7y ago
>Socialism is social ownership of the economy
Having a large portion of the population with fractional ownership over a broad portion of the economy (via ETFs, etc.) sounds a lot like "social ownership of the economy" to me.
Unless, by social, you mean "equal" ownership (as GP points out).
- cmrdporcupine 7y agoThere's a yawning gap between your "fractional" and "equal" when you consider that the vast majority of the few million ETF and mutual fund shareholders with a few tens of thousands in their retirement accounts (if they're lucky) have an _extremely_ small fraction and really no voting power or control. I mean, they send me their prospectus. I can listen on the call. That's about it. And that's not even accounting for the fact that the majority of citizens don't even have retirement funds to get them through.