What is "socialism"? - An attempt to clear up myths/misconceptions

[sc94597]

Matsku said:

sc94597 said:

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. 

But the biggest risk would still be by the company's founder an for that people have always wanted and will always want a bigger reward. Also democracy and human rights have almost never worked well with socialism (for example China and the Soviet Union).

There is no single founder. All of the people are equals in a worker's cooperative. There is no hierarchy, and all risk is shared amongst all persons. The bigger reward is earned by being more productive and innovative, just the same as in our current society. 

 

China and the Soviet Union were marxist-leninist hellholes which never achieved socialism. So I don't know why you'd bring them up. It's as if I cited Pinochet as an example of how capitalism is incompatible with liberty.