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Workers participating in ownership is not what socialism is. Socialism is about societal ownership. A coop is not societal ownership. It is still private owner
by rybosworld 2y ago
Workers participating in ownership is not what socialism is.
Socialism is about societal ownership. A coop is not societal ownership. It is still private ownership in practice.
How many tech workers own shares in their company? Are those companies socialist?
- OkayPhysicist 2y agoThis is one of those cases where subtly different definitions of technical words are being used in contradictory ways. A very common definition for capitalism vs socialism in Leftist spaces is concerned with power and economics, with socialism being when labor has the power to dictate the allocation of capital, whereas capitalism is where capital has the power to dictate the allocation of labor. A more political definition looking at government is "socialism is when capital is allocated for the benefit of the collective, capitalism is when individuals are granted exclusive ownership of capital to allocate how they choose". Note that a worker's co-op meets the first definition of socialism, and the second definition of capitalism.