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Private companies needed to obtain license [0] from the govt to start or to expand. Some companies were even prosecuted for producing more than what was allowe
by leosanchez 2y ago
Private companies needed to obtain license [0] from the govt to start or to expand.
Some companies were even prosecuted for producing more than what was allowed. This was at least Nehru's (first Prime Minister) version of Democratic Socialism.
[0]. https://en.wikipedia.org/wiki/Licence_Raj https://en.wikipedia.org/wiki/Licence_Raj
- sofixa 2y agoThat's still not what socialism means. Absurdly tight government control over the economy, and the existence of a private market economy, doesn't mean that workers owned the means of production.
- leosanchez 2y agoIt was along the lines of public owns the means of production.