By using this site, you agree to our Privacy Policy and our Terms of Use. Close
sc94597 said:
Matsku said:

People might take some risks with existing companies under socialism but they wouldn't make new ones with no chance of reward from their huge risk. That's just human nature.

Why wouldn't people association and dissociate into new worker's cooperatives for a variety of reasons? Competition (and therefore innovation) will still exist under market socialism, it just happens that the rewards are distributed to more people, and therefore more people have stake in reducing costs. Hence you'll still have innovation with the aim to reduce costs of production. There will still be profits in the sense of gains in productivity and wealth over the inputs. 

There is nothing preventing the workers to unite and make their cooperatives and whatnot, usually they fail.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."