Socialism

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socialism never works (sh.itjust.works)

submitted 9 months ago by cyu@sh.itjust.works to c/socialism@lemmy.ml

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[–] areyouevenreal@lemm.ee 4 points 9 months ago

Nope socialism has an actual definition. Capitalism has a definition. These are criteria for a given system (real or hypothetical) to be counted as capitalist or socialist. These are concrete criteria not values.

For socialism this requires that the means of production are owned by the workers.

For capitalism the means of production are owned privately and operated for profit.

There are multiple systems that could fit into either category, but they are mutually exclusive. A system cannot be both truly socialist and truly capitalist. They also are both compatible with the concept of markets - this isn't technically exclusive to capitalism like some people seem to think. You could have a hybrid economy where some means of production are owned by the workers and in other enterprises they are owned by private capitalists or investors; this is the reality of lots of systems.