Market socialism would create a system that abolishes wage labor, but encourages hard work and productivity. Such a system would abolish private property, but retain personal property; it would have communal ownership of the means of production, but what is produced would be the property of whoever produced it. Workers would not be paid wage labor, but would sell what they produce directly to stores, and receive the full value of their goods. The capitalist mode of production would be no more, and as workers would be their own employers, no regulation would be required. When something required more than one person to produce, workers would form temporary unions that would coordinate work, and th3en split the profits among themselves in a mutually agreed upon way,.
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AuthorSam is a grade 11 English student who loves international politics. Archives
May 2014
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