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Highlights
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Why not have, for example, a system where the “institution” that “provides capital to those who want to launch a new business” is a state-owned bank, and it only provides capital to internally democratic workers collectives? This would still provide market mechanisms where they are needed. Meanwhile, the “commanding heights” of the economy — like energy, finance, and transportation — could be taken into public ownership. Sectors like health care and education could be taken outside of the market altogether and provided as public goods, free at the point of service — as indeed they already are, to one extent or another, in actually existing social democracies.
✏️ More thoughts on what could be attempted to have a better socialist state with some market forces within. 🔗 View Highlight