Thoughts On Socialism


It's pretty interesting to see the rise of leftist thought (particularly among youth) and a desire for socialism in the USA juxtapose a growing middle class and therefore more stratification in China.July 27, 2020

If socialism is when workers own the means of production and capture the value they create, then, in the context of a corporation, isn't an employee-owned company by definition socialist? Where employees have shares of the company with voting rights and all.

I imagine the employees would be reaping all the benefits of their value creation and would also be owning the capital goods. Edit: Thinking too microeconomically.July 27, 2020