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

[o_O.Q]

sc94597 said:

Matsku said:

In my opinion capitalism is in some way necessary because people don't want take risks if there is no reward. So if everyone would own everything society wouldn't progress because no one would pay more taxes than others because no one would start up new companies and earn more money. That's why social democratism is the best possible social system.

Who mentioned that everybody would own everything under socialism? Socialism merely is the premise that the workers in associated labor should control the productive capital which they use to perform that labor. People could and would still take planned risks because there are still rewards achieved by reducing the costs of production. It just so happens that you can only profit under socialism by actually reducing costs rather than externalizing them on to others. 

There are also many ways people can be motivated to achieve something without financial profit. 

 

" People could and would still take planned risks because there are still rewards achieved by reducing the costs of production. It just so happens that you can only profit under socialism by actually reducing costs rather than externalizing them on to others. "

 

this is probably the most dangerous and delusional thing i've seen in this thread because it shows a complete lack of understanding for how innovation and development of new ideas works

the reason why things progress is that people come up with different ways to do things THAT HAVE NOT BEEN DISCOVERED YET

YOU CANNOT RESTRICT THIS THROUGH PLANNING

 

lets take an example, lets say for instance we went with your idea and before smart touchscreen phones were popularised by the iphone, we just decided that the old touchpad phones were the pinnacle of phone technology and we just iterated on that

we would have lost so much progress just in the last decade as a result