3 ms·
> Individual companies being owned by their employees isn't socialism. Actually, yes, this is the literal definition of socialism. It's workers owning the mean
by Miner49er 2y ago
> Individual companies being owned by their employees isn't socialism.
Actually, yes, this is the literal definition of socialism. It's workers owning the means of production.
- sofixa 2y agoNot individual companies, but at the wider scale. Socialism is an economic system, not the specific act of one group of employees owning where they work. In the same way that China having private companies doesn't make it capitalistic.