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If workers need capital to start their business, either they bring it with them, or they can borrow money from a bank, or even create a hybrid structure where t
by derelicta 2y ago
If workers need capital to start their business, either they bring it with them, or they can borrow money from a bank, or even create a hybrid structure where the State owns shares in the said company (it's very common in China nowadays through State-owned investment firms). There are then plenty of options left!
For very large projects then, like chip-making or space exploration, the State needs to step in; its way too complexe for "casual" workers to start. But then this institution will be very likely under indirect (through parliament) democratic control.
- para_parolu 2y agoI see. So it’s like capitalism but state is owner and everyone in country is shareholder (at least on paper). As opposed to having smaller subset of shareholders. This is not uncommon, even in countries that don’t promote themselves as socialist. At least in Russia many companies are state owned. And in recent years even more nationalized to become state owned. And big companies that are not state owned still have a lot of control from state (like media companies).