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But "socialism" is a scary word (slrpnk.net)
submitted 2 years ago by to c/memes@lemmy.world
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[–] 10 points 2 years ago (1 child)

Capitalism is private control over the factors of production. So you can for example have a socialist society in which the factors of production are owned by the community, but there's still markets and commerce.

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  • [–] 5 points 2 years ago

    One hurdle we have to deal with is the assumption by the general public that markets = capitalism.

    You tell people capitalism has failed them and they worry that you mean to take away their ability to buy a latte.

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