Lols, he called it “state capitalism.” The comments below are pretty funny all mocking that “real communism” has never happened! I think my favorite one is this:
Tale as old as time
Song as old as rhyme
Real communism has never been tried
They are right, in fact. In capitalism, whoever owns the means of production, gets the surplus value created by it. In socialism, workers own the means of production, so you could say that socialism is a kind of capitalism where only workers are allowed to own capital. But in actual practice of socialism, it is the state that owns the means of production, so state capitalism. This always happens because workers don't know how to manage the capital and don't care about the capital that they don't own.
So under a capitalist system socialism can exist because the workers can purchase the means of production, but under a socialist system socialism can't exist because the state necessarily owns the means of production. Therefore it is imperative that all socialists support capitalism.
Lols, he called it “state capitalism.” The comments below are pretty funny all mocking that “real communism” has never happened! I think my favorite one is this:
Tale as old as time Song as old as rhyme Real communism has never been tried
They are right, in fact. In capitalism, whoever owns the means of production, gets the surplus value created by it. In socialism, workers own the means of production, so you could say that socialism is a kind of capitalism where only workers are allowed to own capital. But in actual practice of socialism, it is the state that owns the means of production, so state capitalism. This always happens because workers don't know how to manage the capital and don't care about the capital that they don't own.
So under a capitalist system socialism can exist because the workers can purchase the means of production, but under a socialist system socialism can't exist because the state necessarily owns the means of production. Therefore it is imperative that all socialists support capitalism.
Exactly. There is no shortage of employee-owned companies, though they are usually less efficient than the usual companies.