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[question] if workers own the means of production, then how do new companies get made? (feddit.org)
submitted 2 weeks ago by to c/socialism@lemmy.ml
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i'm trying to learn here, this is an honest question.

some people say that "workers should own the means of production" (in other words, the company). if you agree with this view, then i have a question: how do new companies get made? i.e. if you aren't already employed somewhere, you will maybe look for work. and if all companies already have enough workers, then where do you work? how does a new company come into existence? (who provides the startup resources and who takes the risk if the company fails and the startup resources cannot be recovered?)

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[–] 7 points 2 weeks ago* (last edited 2 weeks ago)

You're thinking of it in terms of a so-called "market socialist" economy, which shouldn't be confused with socialism, such as the socialist market economies like in China which are socialist. Either way, depending on the stage in socialist construction, either you can still open a company providing it's in a sector deemed acceptable by the socialist system to expand market-wise, or the state itself can create new industries and firms.

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