I've started this thread to explore the different paths and obstacles that might appear while switching to socialism. But before engaging into any discussion it is necesary to establish a working definition.
"
Socialism is a social and
economic system
characterised by social ownership of the means of production and co-operative management of the economy."
Here it is important to distinguish "social ownership" and "state ownership". While it can be argued that when the state owns a company it does so having in mind the best interest of the society, it is often the case that the company is used to advance the agenda of a group of people holding office. Certain mechanisms must be in place in order to ensure true social ownership is ensured , like transparency and democracy. In any case, when the state has the control of several companies, we might be facing a scenario of state capitalism and not of socialism.
From my viewpoint cooperatives are the closest
form
of social ownership to date.
Can you think of any other ways to achieve social ownership?
What would be the drawbacks of having a large number of companies organized in such a fashion?
Do you think such arrangement is compatible with the
free market
?
Share your thoughts.
I believe social "corporatism" counts; Hoover Dam and the Fed are examples of public sector means of production; for the People.
Daniel, thoug I agree with you that Hoover Dam is an example of SOE which works for the society, I would not be so sure about the FED.
The FED seems to favour banks and those with huge
accounts
to get zero interest rates.
What I am proposing is something closer to capitalism :
a) We need a hospital with some 1,000 beds. The hospital should be able to cope with 20,000 cases per year ( I am just making up the numbers).
b) We gather 20,000, families. Each family would
invest
some 5,000 to build the hospital AND get a tax break ( here is the part where the government acts as a sponsor ) .
c) Everyone gets a share on the hospital. Now , if the prices start going up and the hospital turns proffits , part of the proffit will go back to the
investors
, hence making healthcare more affordable. Notice that the investors are also the main customers of the hospital so any predatory policies would probably be kept at bay.