Tag: democratic socialism

On Socialism and Socialism

One needs to differentiate between government-controlled means of production (colloquial ‘socialism’) and the employee-owned means of production that he supports (democratic socialism). Because there’s a big difference between the government taking over factories and putting out a five year plan for agricultural and manufacturing production and selling some control of companies to employees (who, logic dictates, would be driven to keep their product innovative and competitive beause they all want to have a job ten years from now so American capitalism would look for long-term prosperity instead of a few execs finding a way to get millions this year by driving the company into the ground).