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America is a communist nation since the majority of the populace holds the majority of the productive capacity in joint ownership
by anon291 4mo ago
America is a communist nation since the majority of the populace holds the majority of the productive capacity in joint ownership
- thyrsus 4mo agoThat claim needs explanation. My understanding is that substantially less than 20% hold the controlling ownership of U.S. productive capacity.
- anon291 4mo agoThe majority of Americans own stock and most of that is investments in the S and P 500. This is probably the closest any nation has gotten to mass public ownership of the means of production. Certainly more so than explicitly communist nations in which supposed shareholders (i.e. the citizens) have no right at all to influence company decisions. In America shareholder lawsuits and such are common even from minority holders.
- pixelatedindex 4mo agoSeems more like an aristocracy where the productive capacity is owned by the billionaire class