3 ms·
> If every company was worker owned, you could still have a market economy and private property, but it wouldn't be capitalism anymore. That's not correct. If
by slowmovintarget 3y ago
> If every company was worker owned, you could still have a market economy and private property, but it wouldn't be capitalism anymore.
That's not correct. If every company was worker owned as long as the goods and services produced are traded on the open market as an exchange of value, that would still be capitalism. If "worker-owned" actually means government owned, however, then you're correct. Capitalism requires private ownership of the means of production.
- satvikpendem 3y agoSounds like that would be market socialism actually, not capitalism, as workers work the means of production.
- esarbe 3y ago> If every company was worker owned as long as the goods and services produced are traded on the open market as an exchange of value, that would still be capitalism. No. We had "exchange of goods on an open market" long before we had capitalism. https://en.wikipedia.org/wiki/Capitalism https://en.wikipedia.org/wiki/Capitalism