this post was submitted on 20 Aug 2023
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Socialists don't hate markets, they hate workers not having any power or democratic choice in how they interact in the market.
Workers owning the means of production just means the workers are doing the same work but they are in ownership of the factory and the profits. They will still sell the products they produce in a marketplace.
How would that even work.
It's very very easy to do something like have a capitalist system where business and the rich are taxed. But you aren't on about that.
You could divide everything up today. But with change and new business ideas that system will never work. You think the people would want to invest in new automation, new ways of working, new industries. If it means growth and job losses? No never. Just look at the western car industry, or any big government owned industry. People don't want change, even things like running a factory 24/7 instead of a nice 9-5 is difficult.
Then Japan's comes along and does all this new stuff and puts most of the western workforce out of business.
If worker-owned workplaces still operate within a market, there will still be pressure to compete with other companies. People can still come up with new ideas to compete and change can still happen.