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This article is not about reforming capitalism. It’s an economic system, not just a policy that can be changed by putting in new CEOs or changing politicians and laws. Capitalism is driven by profits. The search for profits drives it to expand; the need to make profits also drives it to overproduce and implode into crisis. These cycles have been recurring for more than two centuries and no one has ever figured out a way to fix the system. When there’s a really major contraction of markets, capitalism “fixes” itself by destroying productive capacity—often in major wars, snuffing out the lives of millions of people and decimating their lands.
So this isn’t about trying to fix capitalism. It’s about getting rid of it entirely. But the next question is, what can replace it? What can get production going again, but this time on a rational basis, where everyone can get jobs making what society needs? Where the real wealth they create working together benefits everyone, not just a small class of super-rich?
The answer is a society where the means of production—factories, mines, railroads, the energy sources, all things used to create new wealth—are owned publicly, not privately. And that means socialism—a society where private property has been abolished.
Here’s where there is the most confusion about socialism. Those who really do benefit from capitalism will lie and tell you that under socialism you can’t have your own PERSONAL property. You can’t own your own home or your own boat, etc.
International Socialism demands the collective ownership of all the necessariesfor production.
To begin with, explains Swedish scholar Nima Sanandaji, the affluence and cultural norms upon which Scandinavia’s social-democratic policies rest are not the product of socialism. In “Scandinavian Unexceptionalism,” a penetrating new book published by the Institute of Economic Affairs, Sanandaji shows that the Nordic nations’ prosperity “developed during periods characterized by free-market policies, low or moderate taxes, and limited state involvement in the economy.”
Socialists, however, typically see capitalism as a steppingstone toward the ideal state and believe that socialism can develop out of a capitalistic society. In fact, one of the ideas of socialism is that everyone within the society will benefit from capitalism as much as possible as long as the capitalism is controlled somehow by a centralized planning system.
Instead of wanting to take away people’s private property, socialists want more people to have more private property than ever before.
There are two kinds of private property. There is property which is personal in nature, consumer’s goods, used for private enjoyment. Then there is the kind of private property which is not personal in nature, property in the means of production. This kind of property is not used for private enjoyment, but to produce the consumer’s goods which are.
-Huberman and Sweezy, "Introduction to Socialism," Monthly Review
Economic regulations that benefit the society by taking back power from a few and giving it to the people? That's socialism and a form of government service.
originally posted by: Indigent
a reply to: Kettu
Venezuela seems pretty Comunist, you don't own your house, your land or your car you just occupy it, of course the redistribution is not complete and that is just what the government has assign, let then work more and all will be redistributed.
1. Abolition of private property and the application of all rent to public purpose.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the State, by means of a national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transportation in the hands of the State.
7. Extention of factories and instruments of production owned by the State, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liablity of all to labor. Establishment of Industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country by a more equable distribution of the population over the country.
10. Free education for all children in government schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc. etc.
Section 6104 of The Generations Invigorating Volunteerism and Education Act requires that a commission be established to investigate, “Whether a workable, fair, and reasonable mandatory service requirement for all able young people could be developed, and how such a requirement could be implemented in a manner that would strengthen the social fabric of the Nation and overcome civic challenges by bringing together people from diverse economic, ethnic, and educational backgrounds.”