Market Socialism

[kanethenotorious]

Market socialism - Wikipedia

en.wikipedia.org

From what I understand, it's a mixed economy where business are "employee owned" and the Government intervenes at the top level of the businesses. It was attempted during the New Economic Policy in Russia and some say China runs it (but others accuse China of state capitalism). The businesses still compete against each other but the party maintains an overarching structure over everything.

I think Market Socialism is a realistic way to put the working class in charge. Straight command line economics are not used much anymore.

Market socialism - Wikipedia

en.wikipedia.org

In practice​

A number of market socialist elements have existed in various economies. The economy of the former Socialist Federal Republic of Yugoslavia is widely considered to have been a form of market-based socialism, based on socially-owned cooperatives, workers' self-management and market allocation of capital.[49] Some of the economic reforms introduced during the Prague Spring by Alexander Dubček, the leader of Czechoslovakia, included elements of market socialism.[50]

Likewise, Vietnam's socialist-oriented market economy is self-described as market socialist. It has an extremely high prevalence of cooperatives, especially in agriculture and retail, with the continued state ownership of the commanding heights of the economy.[51] Cooperative businesses in Vietnam are also incentivized and supported by the government, receiving many benefits that private companies do not.[52]

The Mondragon Corporation in the Basque Country, Coop in Italy, and cooperatives in many other countries are widely cited as highly successful co-operative enterprises based on worker- or consumer-ownership and democratic management.[citation needed] Peter Drucker described the United States system of regulated pension funds providing capital to financial markets as "pension fund socialism".[53] William H. Simon characterized pension fund socialism as "a form of market socialism", concluding that it was promising but perhaps with prospects more limited than those envisioned by its enthusiasts.[54]

The economy of Cuba under the rule of Raúl Castro has been described as attempting market socialist reforms.[55] Similarly, the economy of Libya under Muammar Gaddafi could be described as a form of market socialism as Muammar Gaddafi's Third International Theory shared many similarities with Yugoslav self-management.[56][57]

Policies similar to the market socialist proposal of a social dividend and basic income scheme have been implemented on the basis of public ownership of natural resources in Alaska (Alaska Permanent Fund) and in Norway (the Government Pension Fund of Norway).

 

[Lord Osmund de Ixabert]

It was the market-socialist state-capitalist economy birthed by the reforms of Khrushchev that fell, rather than the centrally-planned state-socialist economy forged under the iron hand of Ioseph Stalin, which was synonymous with the economic triumphs of the U.S.S.R.

The People's Republic of China, for its part, experienced a bourgeois national-political revolution akin to that of America, yet it did not undergo a socialist socioeconomic metamorphosis; the Gang of Four would have initiated such a transition, but they were crushed by Deng Xiaoping.

China is a state-capitalist deformed workers' state run by the national-bourgeoisie as a collective entity, which is represented by the communist party.

The Communist Party of China embodies the collective class interests of the Chinese national bourgeoisie, rather than championing the cause of the Chinese working classes. Nothing could be more apparent.

The term 'market socialism' merely denotes market state-capitalism governed by a political party which proclaims socialist principles. 'Mixed economies' are 100% capitalist economies, amalgamating both state-capitalist and market-capitalist elements within their fabric.

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[Lord Osmund de Ixabert]

The existence of a socialist political party does not per se constitute socialism, since a socialist party can, and usually does, preside over a state-capitalist economic system. Rather, it signifies that the ruling political party espouses socialist ideals, or pretends to espouse them
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[Lord Osmund de Ixabert]

Asiatic capitalism inclines towards collectivistic manifestations, whilst its Western counterpart gravitates towards individualistic tendencies.

Analogously, such distinctions hold true for socialism, with Western socialism (of the non-Jewish variety) often favouring radical expressions of individualism, and Asiatic socialism inclining towards a rigid collectivism that is perceived as despotic by Western socialists even though it is reflection and representation of the collective will of the people.​

 

[Lord Osmund de Ixabert]

Socialism and capitalism are defined by the class that owns the means of economic production, ; class is determined by one's relationship with economic production (are you a parasitic exploiter - a bourgeois - or are you a member of the productive classes - a worker, a peasant) rather than an arbitrary figure such as income.

This numerical deception serves to mislead the proletariat by artificially aligning the interests of the well-remunerated segment of the proletariat (so-called labour aristocracy, which is ethnically diverse) with those of the national bourgeoisie.

Socialism = the working class owning the means of economic production, either collectively as a class (as seen in all Asiatic socialism), or distributively as private individuals (distributivism).

Capitalism = the bourgeoisie, either as a unified collective, or as privately competing individuals, dictating the economy, whether they want a market economy or a centrally planned state economy.​

 

[Gawn Chippin]

...It's why the Chinese govt. are so keen on colluding with Western transnational corporations...

This symbiosis benefits both, in that the import of inexpensive slipshod productsconceals (or statistically distorts, if you will) truthfull domestic monetary inflation figures. Simultaneously, technical knowlege obtained from this agreement offers the opportunity to copy and to obtain intellectual property from the "investor", eventualy enslaving that investor, on a long term basis, through that investor's willfull dependency on his symbiotic "partner"

 

[Gawn Chippin]

It should be common knowledge, by now

 

[kanethenotorious]

There's an official difference between state capitalism and market socialism. In state capitalism the motive is still to maximize profits. In market socialism the motive is supposed to be to look out for the average person, using a hybrid economy where party members and workers play a role in managing each employee-owned business.

 

[Lord Osmund de Ixabert]

KaneTheNotorious wrote,

In state capitalism the motive is still to maximize profits. In market socialism​

Such a motivation may serve to distinguish different varieties of state-capitalism, but the distinguishing characteristics of Capitalism & Socialism do not rest upon the subjective motivations or desires of individuals, but rather upon the objective & material manner wherein the forementioned economic systems are devised & enacted, in the form of the mode of socioeconomic production.​

 

[WillTell]

I don't think words like State Capitalist or "Deformed Workers State" means anything. It means nothing. This is the rhetoric of the 19th century and is very damaging to young minds trying to understand this today.

But, sure, yes, Market-Socialism combined with production centric capitalism is a completely functional system.

People are not "equal" but stability has been maintained.

Fascism.

 

[kanethenotorious]

Economy of Russia - Wikipedia

en.wikipedia.org

Economy of China - Wikipedia

en.wikipedia.org