The decide whether we spend our time and energy making blue jeans or bombs. It's this decision making power that socialists want brought under the power of government
Ahm... I thought I had made a clear distinction in the OP between socialism and state capitalism.
It's still quite vague to me. You say you want government to 'sponsor' social ownership of
some businesses. You elaborated with examples, stipulating that we would need mechanisms to ensure social control. That's just government, right?
Just won't answer the coercion question.
Here's an example: Ole Bill owns a widget factory on the edge of town. Everyone in town agrees to join a collective where social ownership of the town's enterprises ensures peace, prosperity, sweetness and light. It's such a good idea that everyone happily volunteers to take part--except one.
Ole Bill refuses to relinquish control of his widget factory which was, up until now, his private property.
What Certain mechanisms will be in place in order to ensure true social ownership?
What is the town going to do to Ole Bill?
There are some options :
a) They could buy Ole Bill's competition ( unless, Ole Bill has a monopoly).
b) If it is a public company they could buy shares in the stock market.
c) They could kickstart a new company and ... stop buying from Ole Bill.
So by this accounting, what you're talking about actually requires no new state policies. Would that be accurate?
There are several levels of "collective ownership" or cooperativism.
One in which the company is owned by the employees ( this is common although it doesn't constitute the mayority of the corporations).
Other one in which the company is "owned" by the customers ( this is the case of Grameen bank).
For some other companies it might happen that the first two options are not available in that case having it as a SOE might be the only available option. In this case is when some barrier must be enabled to avoid that the persons holding office use the SOE to their beneffit ( and if so , he gets punished).
No , I think appart from improving the financial education of citizens ,controlling high speed transactions in the stock market , little else is needed... Maybe giving one share to every citizen (their choice)as a birthright and access to micro-loans would be the only things I would add.