3 ms·

socialism, def.: when the working class aspire to join the ownership class.

• deleted 4y ago
  [deleted]
• terr-dav 4y ago
  "workers aspiring to join the owning class" sounds more like effective capitalist propaganda to me. A socialist aspiration would be to remove the distinction between owner and worker. By transforming a business to worker-ownership, the owning vs working class distinction is eliminated. The compliment to "workers aspiring to join the owning class" is that the biggest risk a capitalist faces is the possibility of being thrust back into the working-class, and having to actually work for a living, as opposed to living off of profits derived from the labor of others.
  • swagasaurus-rex 4y ago
    In theory, socialism is when the working class redistributes the ownership class's assets. In practice, socialism is a power grab where populist leaders redistribute the ownership classes' assets to themselves.
    • specialist 4y ago
      Succinct. Nice. Wikipedia's treatment is a bit more nuanced. https://en.wikipedia.org/wiki/Socialism https://en.wikipedia.org/wiki/Socialism
  • astrange 4y ago
    The obvious issue here is that workers don't want to own their company and probably shouldn't. A .001% stake in a company is less useful than a 50% stake, and it's well known that if you work at a company that pays you in shares you should immediately sell them and buy an index fund.