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submitted 2 weeks ago by yogthos@lemmy.ml to c/socialism@lemmy.ml
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[-] test_@lemmy.ml 3 points 1 week ago

Capitalism is defined by private ownership of businesses.

A socialist business isn't controlled by a private owner (or major shareholders), it's controlled by its workers or by the government (or a mix of both). No one sits at the top and gets to award themself a massive chunk of the revenue just because their name is on the deed, so to speak. That's the difference.

[-] Cowbee@lemmy.ml 7 points 1 week ago

You cannot simply slice up elements of an economy and designate them to be capitalist or socialist in a vacuum, what matters is the nature of the society itself, the class character of the state and the principal form of ownership. That's why nationalizing industry in capitalism is not necessarily an advancement towards socialism, and privatization in socialism is not necessarily an advancement towards capitalism.

[-] test_@lemmy.ml 2 points 1 week ago* (last edited 1 week ago)

I'm new to lemmy .ml and unfamiliar with Sedan so I thought they were equating social democracy with socialism

I always shy away from making both points at once -- "social democracy is not socialism, but also, socialist states do engage with capitalism to avoid embargo and build their economies" -- because it tends to segue to China, which is exhausting to talk about with western socdems but you lose credibility if you're not willing to go the distance

...but I guess my oversimplified version still implicitly comments on AES states so it could use some work

[-] Cowbee@lemmy.ml 4 points 1 week ago

No worries! Sedan seems new too, a week old account. I think it's helpful to identify capitalism and socialism as systems, and this helps us identify the essence of that system.

[-] Sedan@lemmy.ml 6 points 1 week ago

Capitalism is defined by private ownership of businesses.

There is another name for this: private ownership of the means of production.

The means of production constitute the aggregate of all material resources used to create goods and services. They comprise two main components: the instruments of labor (the tools and machinery used to work) and the subjects of labor (the raw materials and inputs worked upon).

This concept also encompasses wage labor. Under socialism, a private individual is not permitted to hire another person for employment.

However, during the Stalin era, private enterprise did, in fact, exist. These took the form of artels—small workshops, typically employing up to ten people, that manufactured light industrial goods. There were tens of thousands of such artels across the USSR. Yet, within these artels, both the workers and the managers participated on equal terms; specifically, the director of the artel was re-elected annually by the collective membership. Artels in the USSR produced items such as radio receivers, televisions, children's toys, and similar goods.

this post was submitted on 17 May 2026
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