Socialist Ends by Market Means: a History
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A provocative exploration of how socialist ends are achieved through market means sparked a lively debate, with commenters dissecting the intricacies of marginalism and its reliance on market prices. Some argued that marginalism doesn't require market prices, while others pointed out that the concept of "wage slavery" is a cop-out, with one commenter retorting that people are "stomach-slaves, not wage-slaves." As the discussion unfolded, a consensus emerged that the modern Left-Right dichotomy is a false choice, with many commenters highlighting the complexities of power imbalances between employers and workers, and the harsh realities of economic constraints. The thread remains relevant today, as it challenges readers to rethink the nuances of economic systems and the language used to describe them.
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A wealthy man who receives a check for dividends and interest most months is not subject to such power imbalances. Wealth makes him free.
It's not an argument that socialism would enable people to just live off a public dividend, so to speak. Somebody has to work, and workplaces require discipline. Rather it's an argument for better labor safety controls, and a personal appeal to people to save as much money as they can.
One embezzled a large amount of money and spent it on drugs. What was I supposed to do about that? He was broke, he couldn't pay the money back. All I could do was tell him to not come back.
I've also been employed at minimum wage jobs, and salaried jobs. I never felt the employer had power over me. At my salaried jobs, my coworkers complained about all the power the company had over them. The company had no power over me, so I would ask them what the power was. After some long conversations, the problem was the coworkers spent every dime of their income. So not having a paycheck for a week was a catastrophe. The company, however, was unaware of these issues.
I recommend saving up to 6 months of living expenses, and then the employer will have no leverage over you.
A lion in the plains of Africa is not entitled to a dinner, the farmer in not entitled to a crop yield. It is super rare that people can't do anything to better themselves and get more for their own skills or execution. Any buisness owner will gladly share a percentage of profit you generate for them if you can show them you're indeed generating such profit.
If you're in DPRK or Cuba then you'd need to check your free-market priviledge of having a market for your skills.
The recent news from Minnesota suggests that the social safety net is a magnet for astonishing levels of theft.
Some social systems like in Israel if you're ablebodied you are given a public service job, like cleaning the park and etc... so you aren't entitled to a check for doing nothing.
South Africa hasn't any meaningful social net and the wealthy people live in special "high security" enclaves with additional guards and fenced perimeters. If you have a lot of hungry people on the street they will be forced to survive somehow and you'd get more crime.
Currently employing 130 wage slaves and unduly profiting from their margins, and not satisfied with the overall system at all.
My point is when all options include wage slavery it's not an actual option. That's it, a false dichotomy.
And that is what the OP is about. It's exploring a fundamentally different system which I understand is scary.
It’s a well-documented economic concept. You can find plenty on it if you're actually curious about the perspective. And understanding it thoroughly is a strong prerequisite to seriously engaging with other people with intent to learn. It's work you need do yourself.
You are just playing at word games. The system is trapping the have-nots into unpleasant, lifelong conditions, and that's what "wage slave" means. As you know.
Everything else is just propaganda.
Revenue - Expenses = Profit
Pushing the tax burden for upkeeping society off people who own more shit than any of us ever will onto people who have to work for a living.
Legal protection and structural advantages for landlord interests over tenant interests.
Legal protection and structural advantages for employer interests over employee interests vis a vis wage theft, worker safety, worker injuries, etc.
There are many others, but even a brief summary of injustice in any one of these topics is big enough for ~a few hundred books, and alas, the margins of this website are too small to contain them.
Rent control is not in the landlord's business. In Seattle, the other legislation against landlords is pushing them out of business.
> Pushing the tax burden for upkeeping society off people who own more shit than any of us ever will onto people who have to work for a living.
1% pay 40% of the federal income tax.
Google [percent of federal government spending spent on wealth redistribution] says: "A significant portion of U.S. federal spending, around 60-70%, goes to social insurance and safety net programs like Social Security, Medicare, and Income Security, which function as wealth redistribution by supporting retirees, the needy, and vulnerable populations, though the exact "wealth redistribution" percentage varies by definition but centers on these large mandatory spending categories. In FY 2024, Social Security and Medicare alone were 36% of the budget, with Income Security adding another ~9-10%."
> Legal protection and structural advantages for employer interests over employee interests vis a vis wage theft, worker safety, worker injuries, etc.
The legal advantage again is for the employee. For example, wage theft is illegal and is aggressively prosecuted.
And you immediately demonstrate why having a conversation with you on this subject is pointless.
There's a million different dimensions in which the problem that I've pointed at manifests. But what you do is you cherry-pick one particular dimension of it in one particular municipality[1], conclude that based on that dimension (allegedly) being biased in the other direction, and thus you reach the conclusion that clearly landlords are the real victims[2], and you can just sweep the entire issue off the table.
I don't have enough words to describe how incurious and chock-full-of-fallacies this kind of thinking is.
You already know everything that you feel you need to, and there's nothing more that needs to be said. It's like you have found the number 2, and conclude that therefore, most numbers are even primes.
---
[1] Actually, you don't do even that. You just vaguely wave your hands in its direction.
[2] Kind of weird that the market values their real estate to be worth twice what it was a decade ago if they are getting such a raw deal. I'm sure PE is snapping up rental properties because they are money-losing investments, too. After all, serious people who have done the math and are putting billions of dollars into this (and are reaping profits on their investments hand-over-fist) must all be too stupid to understand just how awful renting out property is.
That's because my positions are correct.
BTW, rent control in 9 states is statewide, and is commonplace in cities.
Google [does seattle provide free lawyers for tenants?] for more examples.
For more,
In California, over 35 cities and counties have implemented long-term rent control ordinances for residential rental housing. In addition, since Jan. 1, 2020, the California Tenant Protection Act has extended rent caps and eviction restrictions to many properties not governed by local ordinances.
Google also reports:
Tens of thousands of NYC rent-stabilized apartments are vacant, with estimates varying from around 26,000 to over 60,000, often described as "warehoused," because strict rent caps (especially after 2019 laws) make costly renovations financially unviable for landlords, leading to units sitting empty rather than being rented or sold. While some vacancies are for legitimate repairs, many are held off-market as owners await the ability to renovate and raise rents, contributing to the city's housing shortage, say housing advocates and reports.
It's wild that as a whole they are so advantaged that they are still net-in the green when they let properties sit empty and unused.
It's just as wild that you continue digging deeper. Reality in the big picture isn't compatible with your 'correct' viewpoint, so you keep drilling down to microdetails.
There’s plenty of examples, the most famous one in my opinion is that the popularity of legislation is irrelevant for passage, support by wealthy is. Similarly how the vast majority of people obtain political office is by and large courting the influence of wealthy donors (source - the amount of money being spent in politics and particularly dark money). Also how “lobbying” works even in the Supreme Court and pay to play by definition is politically battling the poor.
Everybody says that money buys elections. But consider that Hillary outspent Trump 2:1 and lost, Harris outspent Trump 3:1 and still lost. Bloomberg poured money into his presidential bid, and he didn't garner enough votes to be a blip on the radar.
Campaign money does buy you a stage, but it doesn't buy the votes.
Nobody has ever bought my vote. How about you?
They... Didn't? It's been defanged and reduced to the aberration it is right now, instead of being single payer, universal healthcare.
> Everybody says that money buys elections. But consider that Hillary outspent Trump 2:1 and lost, Harris outspent Trump 3:1 and still lost. Bloomberg poured money into his presidential bid, and he didn't garner enough votes to be a blip on the radar.
> Campaign money does buy you a stage, but it doesn't buy the votes.
Without campaign money you have no chance at all, could you run a successful presidential campaign on 1/10th or 1/100th of the budget given you had a hypothetical bright candidate, someone that could objectively be a much better president than any of the moneyed ones? No, hence campaign money does buy votes, it just doesn't buy them completely but without campaign money you have absolutely no chance.
After all, was your vote bought in the last election?
Kamala bought a big stage (she outspent Trump by a wide margin). But she lost. If money buys elections, she would have won.
Oh wait, no, you're saying that I can only vote for who is on your "stage." Usually one of two people.
Who & what decides who gets on "the stage?" More importantly, who & what decides who is NOT on this oh=so-necessary "stage?."
Please tell me "again," as you put it so condescendingly.
Where I vote money doesn't play much of a part in elections so no chance for my vote to be bought; in the USA, a society much less politically active and educated, money goes a much longer way to persuade, convince, deceive, and outright lie to voters. Hence so many Trump voters coming out of the woodwork to say "I didn't vote for this".
> If one campaign saturates communication it drowns others, this is what money buys on political campaigns (especially in the US).
Carly Fiona is another example of a big spender that got trounced in the polls.
BTW, no matter how much campaign money is spent by socialist candidates, I will never vote for them. If all the candidates on the ballot are socialists, I will turn in my ballot with no vote on it. My vote is not for sale.
I don't care about your view on socialist candidates, it doesn't pertain to this discussion whatsoever. People would vote for a socialist candidate who said the right stuff to them, that's just how the statistics work.
Health insurance companies love it.
> Campaign money does buy you a stage, but it doesn't buy the votes.
You literally just talked about how the people everyone got to select from are those that could raise billions for a campaign. Hell the current president is a billionaire - literally the wealthy - and staffed important posts by other wealthy people. Congress is stacked by wealthy people, in no small part because the salary for congress is not commensurate with the responsibility it has.
Also, your numbers seem off for the Harris v Trump campaign (not what I’m seeing looking online) but it doesn’t matter (I highlight where you may have made the error below).
> Nobody has ever bought my vote. How about you?
No one serious about this issue suggests that they hand out money for votes. Well Elon actually did engage in that in this prior election cycle in swing states so there is that undermining your rhetorical comment.
But it’s also the height of naïveté to either not believe advertising/marketing (aka propaganda) works (you know, the trillion billion dollar companies of Google and Facebook) or to believe that politics is somehow immune from its effects as well (which requires ignoring how political movements work or what we learned about propaganda and its efficacy in WWII). And all of that takes big $. Of the 1.2B Kamala raised, 40% was small dollar donations. Of the 400M Trump raised, only 133M was small dollar donations (28.8%). Note: if this is where you’re getting the 3:1 number you’re not reading the data correctly - democrats spent ~1.9B total vs Republicans 1.6B and Trump directly spent >900M (presumably carrying over the donations from the previous campaign? Not sure).
And again - I’ll refer you to the research showing the general popularity of a proposal is irrelevant to it getting passed. How popular it is among wealthy does have that effect. And it again, you seem to struggle when I say this and try to point out some particular piece of legislation - it’s percentages. It doesn’t matter if it’s not an absolute. You don’t need to win every battle to win the war.
Anyway, Walter you’re a smart guy. I expect more from you than rudely dismissive comments that insinuate committing a crime is the only way money and wealth can influence and “buy” politics (and ignoring that Republicans did attempt to do so this past cycle)
Is there any case where this is remotely even true?! The way advertising budget is spent always has an enormous impact on the outcome.
One competitor spends in print, another on TV. One competitor targets young professionals, another families with kids. One competitor goes to best and most famous agency but buys the cheapest package and fights any decision, another gets a genius kid at the beginning of his career to create a most brilliant TikTok ad. Etc...
> I suggest you look at how advertising works
A valuable advice, try following it sometimes.
Have you or anyone you know been paid for your vote? If the answer is no, then your vote was not bought.
Saying that election advertising "buys" an election is a misuse of the word.
"Harris outspent Trump 3:1. Hillary outspent Trump 2:1. It's not that easy to buy an election."
Political contexts are obviously different because it’s constantly one off contests and the teams behind it constantly change. So yes, obviously efficacy of advertising matters. But I don’t see how my simplification meaningfully changes the point that money significantly impacts voting at scale in our society. This wasn’t the gotcha I think you thought it was.
> Congress is stacked by wealthy people, in no small part because the salary for congress is not commensurate with the responsibility it has.
LOL, it seems they get wealthy after they get elected to Congress. (I wonder how that happens!)
> rudely dismissive comments that insinuate committing a crime is the only way money and wealth can influence
I don't know where you got that from.
I don't recall ever voting for someone because they spent more money on their campaign.
If elections are being bought, it's not by the campaign money, it's by the taxpayer money. I.e. the "chicken in every pot" promise to give people free stuff.
> I’ll refer you to the research showing the general popularity of a proposal is irrelevant to it getting passed.
I don't doubt that, but we're talking about an election, not passing legislation. The only election poll that matters is the final vote (note that a lot of people do not bother to vote).
> LOL, it seems they get wealthy after they get elected to Congress. (I wonder how that happens!)
Some yes. Insider trading is a problem. But I think you’d be surprised how many people who are already rich then enter politics. They may grow their wealth even more after but they start of supremely wealthy to begin with, not least of which because that also implies a network of rich people who will help you.
> If elections are being bought, it's not by the campaign money, it's by the taxpayer money. I.e. the "chicken in every pot" promise to give people free stuff.
So money selecting which candidates you can vote on isn’t money buying elections, but policy arguments over how to spend the public purse is buying the public? That’s like having the position that a toddler has a choice when you ask them would they like broccoli or celery - you’ve predefined their choices for them and given them the illusion of choice.
> I don't know where you got that from.
“No one bought my vote, how about you” is dismissive and rude, not least of which because I’m sure you know buying votes is a crime. It’s not the effective rhetorical device you think it is. It’s also horribly undermined precisely because politics has gotten so messed up Republicans are bold enough to literally trying this strategy now.
> I don't doubt that, but we're talking about an election, not passing legislation
Actually, no. This conversation started with your bold claim: “Can you show us how the wealthy are battling the poor?”. You’re now trying to shift the goal posts claiming it’s only about elections.
The definition of "buy" according to google: "obtain in exchange for payment."
> “No one bought my vote, how about you” is dismissive and rude, not least of which because I’m sure you know buying votes is a crime.
It's a fair question to ask when your claim is elections are bought. I don't withdraw it.
https://www.cnn.com/2025/04/01/politics/elon-musk-million-do...
He’s had to repeatedly tweak the wording of the payment to stay away from a textbook definition of vote buying, but it’s certainly violating the spirit of the law.
> The definition of "buy" according to google: "obtain in exchange for payment." I accept the standard definition of words, not made up definitions. It's not possible to have a debate when words are redefined.
Only if you treat the English language as something that you can understand the meaning by combining the meaning of individual words and that words only ever have one possible meaning. For example, if I say “you’re a horse’s ass” am I claiming that you are literally the rear end of a horse? Or am I claiming that you’re a donkey owned by a horse? Or am I using a euphemism to describe obnoxious behavior?
But anyway. This is getting way off the mark. You’ve hyper focused on one thing (election outcomes) ignoring the larger point about whether there is a class war going on (raising Obamacare which was a compromise from Medicare for all and has been repeatedly gutted but also ignoring the defunding of SNAP and various other programs this year that are disproportionately hitting the poor while wealthy are getting a huge tax break on inheritance taxes due to Trump’s bill this year - how again are the wealthy not getting what they want at the expense of everyone else?)
Neither side actually supports the poor because both are funded by and literally are the wealthy masters. The evidence is in the trends/facts that for almost 50 years the wealth gap has only widened, regardless of who is in charge. At some point, we have to accept that the 'which side is right' argument is false.
Elsewhere there are broader choices in national politics.
eg: the current Prime Minister of Australia grew up with a single mother on a disability pension in council housing. His actions and politics are at least informed by real life experience as one of "the poor".
Must be a big city isolation thing? In rural areas co-ops are a common part of every day life. The internet is provided by a co-op, the store is a co-op, the gas station is a co-op, etc. It is impossible in that environment to not see that shared ownership and markets fit together just fine.
This different cycle has massive implications, and changes how investments are made. Instead of people investing in things for themselves, they invest explicitly for production for the market and for other people for things they will never use themselves.
In China, the post-Deng consensus is to use markets in service of socialist development. People can be critical of this, but Deng's idea was that: "it doesn't matter if a cat is black or white, if it catches mice it's a good cat" meaning that markets, even with some capitalist mechanics, if subservient to socialist politics, can still be used to socialist ends. Personally, I am still trying to decide how I feel about that, but it's also hard to argue with (so far) something that looks like success.
I mean, I do see it online so I know what you're talking about, but it is not coming from humans. Which is why I ask if it is a product of big city isolation?
I just mean that they technically operate in markets but are not synonymous with the traditional notions of Marxian capitalism.
$1000 at a 10% return for 65 years is $490,371
It's been a pretty successful program to reduce the amount of support retirees need.
https://en.wikipedia.org/wiki/Superannuation_in_Australia
From :
https://www.aman-alliance.org/Home/ContentDetail/97783#
"At the other end of the scale are Australia, Chile, Iceland, Ireland and South Korea, with spending on pensions below 4% of GDP, albeit for different reasons."
Australia has the 1907 Harvester case that set minimum wage to be indexed at a level which would supposedly allow an unskilled labourer to support a wife and three children, to feed, house, and clothe them. By the 1920s it applied to over half of the Australian workforce. It became known as the ‘basic wage’.
That's been tweaked since, but it still carries weight in wage setting and goes a long way to explaining a lack of tipping culture in Australia.
Society is cells and organs in the body of a country. All we want is a good neural system to take feedback back and forth to the brain, which that takes care of the body well, so it can compete and cooperate in an arena with other large bodies.
Communism is controlled by political influence and those who rise up don’t come down, even when they stop functioning in favor of the body. That means wounds start bleeding, organs deflect to other bodies, because they know nobody cares about them. The system runs out of blood, since the cognitive load of taking care off all cells and organs properly is too much for one or two cells that helm a party. Politics evolves to distrust so that brain trust that is supposed to take care of everyone inevitably shrinks and becomes paranoid and violent as it loses control.
Capitalism generates extra blood to all organs and cells that seem capable of helping the body get what it wants - great way to increase supply. This can cause hematomas as some areas get pumped up more than they can ever return even with over supply, but in general it works. Still, as an organ you are only wanted when you are useful. If you are too young to be useful or too old, the system may shed you, unless you have fat deposits.
Society wants to know that it will be allowed to produce at its absolute best and know that its offspring will not starve and will have a chance to produce too, and then when you lose your strength the body will not amputate you too early. Needs change too. the body can break a leg, get sick, get trauma. We need a nervous system that can understand the needs and feel pain if there is some somewhere, because pain can propagate, and defend against cancer and other social issues. The nervous system that can architect responses that benefit all. It’s all a feedback mechanism. We need better ones and that’s the opposite of putting people in power to do as they will for years without consequence.
Is this not the case with capitalism, right now? Except with political influence being led with money? The people with power, control, and political influence right now are absolutely not functioning in favour of the body.
> Still, as an organ you are only wanted when you are useful. If you are too young to be useful or too old, the system may shed you, unless you have fat deposits.
I'm so glad that you're equating me, and people like me, who the system repeatedly failed over and over, and who could be functional if I was able to afford even a minimum of help and support for my situation, to cells being shed in a body. This doesn't feel dehumanising at all.
The fact of the matter is that there is a very Gattaca-like system that exists right now in the world. It brands you valid or invalid based on values like inherited wealth, social class, race, mental health, etc. People who are branded as "invalid" are an underclass who could be functional, and contribute to society, and perhaps already are contributing to society in ways that are not accounted for in pure economic value (For example, I have talked a great many number of people out of suicide over the last ten years), and yet none of the support given to "valids" is given, and when it is, it is a bureaucratic fight to get it (I personally am thinking about a friend who is currently working as a graphic designer, who had a long period of disability and had to fight for support through the court system. Not because it was an abnormal case, but because the disability support system is set up to automatically deny support, and the system (as any caseworker will tell you) relies on the vast majority either dying or giving up, rather than suing them).
To put it mildly, this feels like a leaky metaphor. I won't say the rest of what came into my mind, to keep things civil.
There is the system of private enterprise governes by capitalist accounting methods which is driven by the action and exchange of people acting to fulill their needs. This is like a functioning organism whose organs act autonomously, and in doing so affirm the life of the organism itself.
There is then the system of hegemony and bureaucracy which is organized by rules, dictates, and orders. It is like an organization, a machine whose parts operate according to a will, and function only so far as the will of the organizer operationalizes them into the pattern that fulfills the organizer's ends.
A natural, organic system can survive only as it functions in the matter of the former. When it functions in the matter of the latter, it dies with the failure of the organizing force which binds the parts. Society is an organism, not an organization. It is as senseless to organize society as it is to tear a plant to bits and make a flower out of the pieces. I should hope that we figure this out sooner rather than later before we smother society and its people with endless bureaucracy and regulation.
Why it's the Uneeda biscuit made the trouble, Uneeda Uneeda, put the crackers in a package, in a package, the Uneeda buscuit in an airtight sanitary package, made the cracker barrel obsolete, obsolete Obsolete! Obsolete!
Cracker barrel went out the window with the mail pouch, cut plug, chawin by the stove. Changed the approach of a traveling salesman, made it pretty hard.
Gone, gone Gone with the hogshead, cask, and demijohn, Gone with the sugar barrel, pickle barrel, milk pan Gone with the tub and the pail and the tierce. - The Music Man
Every time big railroad magnates tried to form a cartel to fix prices, a smaller competitor would lower rates and steal all the customers; freight rates went wayy down in this time period. The big railroad owners (like JP Morgan's clients) lobbied for the ICC not to regulate them, but to regulate their competitors. They wanted the government to make price-cutting illegal (calling it rebates or discrimination).
Regarding sanitary packages, the essay _also addresses this_: the big Chicago meatpackers supported regulations because the compliance costs were so high they drove small local butchers and slaughterhouses out of business. The "sanitary" laws were a weapon to kill local competition, not a way to keep food safe
But we got past that. Walmart, Amazon, Samsung, McDonalds, Starbucks, Foxconn, and BYD all have hundreds of thousands, or even millions, of employees, but don't seem to be hitting scaling limits. There may be an optimal size limit, but it's above planetary scale now. Computers have made this possible.
This leads to monopoly or oligopoly being reached before any natural limit to growth appears.
[1] https://www.jonkolko.com/writing/notes/13
[2] https://www.ebsco.com/research-starters/economics/economies-...
But more to the point, consider what you're saying. Is the world, viz-a-viz these companies/services that you refer to, worse off than before the internet? Obviously not. In fact, it is substantially better, because higher economies of scale mean mass production for mass consumption. There would be no way you and I could converse this way on our phones without the hyper extensive scaling of production caused by capitalism. This calls into question the concern over scaling. Large scaling and less firms is preferable when they perform a social function.
If co-ops were replaced by big business, this is something everyone should be grateful for. To go back to the industrial revolution example, there were a form of early mutualist co-op that dominated the non-farm market in the pre-capitalist era: the guilds. And the guilds had a stranglehold on handicrafts, apprenticeships, and all manner of specialized production. In order to increase guild profits, the guilds, through their noble patrons, regulated and limited production of all kinds, who was allowed to sell their craft, and all while being worker-owned. And yet these guilds were the true monopoly: they used legal privileges granted through lobbying to the kings to limit production and raise prices. Their products were exclusively for the wealthy and privileged. On the other hand, it was the capitalists that found a loophole in this system that condemned people to poverty and starvation: the mass production with unskilled labor by manufactories. And, through the manufactory system, they smashed the guilds, producing tons of goods for the everyday man, contributing greatly to the prosperity over and above the medieval system that we see today.
At it's core, socialist societies unwind because someone needs to be getting less for doing more, so that someone else doing less can have more. It's annoying because even the most die-hard college campus communist still complains that they did all the work for the group project while pot head Beth no-showed the two group meets. Given the opportunity to chose their group next time, the power players all naturally congeal. And probably talk about how to make society more fair.
> The fundamental flaw at hand here is the belief that you can reprogram human behavior to ignore selfish gain for the greater good
1) You think that human behaviour is selfish by default (it is, but only until adolescence) and not subject to parental education and/or influence by media and general society. Everything in the western world promotes selfishness. Selfish people are a natural consequence of that.
2) If you read the article, socialism can still use (free) markets, which is the basis of your argument that people acting in their self-interest are still good to society.
> socialist societies unwind because someone needs to be getting less for doing more
3) Another of your flaws is to think that only in socialist/communist societies some people need to get less for doing more. Completely wrong. In all societies some people need to be getting less for doing more. The only difference is which, and how many of them. Poor people in capitalist countries can work 2 jobs and still can't get out of poverty while stock owners get passive income for life. You should judge societies by the proportion between those getting less than they work and those getting more than their work - a statistic traditionally called "inequality".
> pot head Beth no-showed the two group meets
A correct and fair approach is to find out why Beth is a pot head and why she doesn't attend group meets (most likely a separate issue with the group).
College campus communists don't have the resources to do drug education, health (including mental health and addiction treatment), career counseling, drug police, etc., but states (communist or not) do. The communist state I lived in did all that, but badly because of corruption, and treatments and counseling didn't invovlve any psychology, which was entirely forbidden as a science.
https://news.ycombinator.com/item?id=46150715
This is true of all societies, not just socialist ones. In capitalism, it's called philanthropy and charity. The underlying social contract is noblesse oblige, that the right to enjoy the trappings of wealth comes with an obligation to ensure that the poor are reasonably taken care of.
The real difference that socialism poses is not that it should happen at all, but that it should happen by force with the power of the State, due to the wealthy as a class no longer making the independent free choice of discharging such obligations.
What was different was not the market but the production, or control over production. In the US heirs own the majority of the Fortune 500 and thus control it, their things worked differently.
So why is production not discussed but a market? Or not even a market but a "free" market - I suppose to be in a free market you buy radishes in a market with dollars and not rubles.
>“freed markets” would naturally tend toward far less concentration of wealth – a world of small firms, worker cooperatives, self-employed artisans, and peer-to-peer production.
And quoting Proudhon
>Property is freedom
Imho insurance networks are also politically agnostic:
Interesting to think about how insurance "markets" can _support_ production... (Not just distributing the means thereof, eg how to insure group owned GPUs? Is there a timeline in which GPUs do not depreciate? Do we have to bet on different rates/architectures? There aren't more than a handful)Some people (we could call them psychopaths and narcissists, even though that's a rather strong word and only describes the worst of them) have a natural tendency to exploit other people to get to the top of whatever social structures exist. There are many of them, somewhere between 0.1% and 1% of the population depending on criteria used.
In capitalism most of these people become managers, CEOs, politicians, cops, TV stars, etc. and satisfy their tendencies by legal means. In a socialist society, when exploitation isn't easy and "VIP" doesn't mean very much, they tend to become corrupt officials, which in time fundamentally break the entire society. This happend in all East-Europe communist countries.
I don't see a working succesful socialist or communist society without some means of empolying these people in a way that they find satisfying, but still not allow them to break society.
The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain
https://en.wikipedia.org/wiki/Mondragon_Corporation
Often touted as "the worlds largest coop".
Like any large entity, it's had it's share of criticism as well as praise. But in general, works to the advantage of it's workers, not just for shareholder returns.
The key thing modern progressives need to do is cut out their naiive criticisms of economics. The usual gambit is to repeat criticisms of Marx, et al. of classical economics, which mostly amount to charicature and ridicule, and don't even apply to classical economics, let alone modern subjectivist economics.
The so-called left libertarians represented by C4SS are the most pre-eminent and sophisticated of the 'socialist'-oriented political ideologies. But like all socialist types, they cannot free themselves from the dogma that labor is a special kind of factor of production which, as they think, not being exposed to the principles of choice under scarcity, follows different principles governing action and exchange than those which cover all other economic factors of production. Carson takes pains to demonstrate this in his book, but is ultimately unsuccessful.
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