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I'd actually agree to a significant extent that people should own their employment (this is the original American Founding ideal of "free labor" that Jefferson and Lincoln both believed in) but I think you're better off not using the word "socialism" to describe that economic system. People associate that word with "communism" which is defined as a dictatorship where the government operates as a single monopoly under the pretense of representing the will of the people. The word "socialism" is also associated with corporate dominated market systems where the government provides a safety net and some labor rights for working people.

A system where workers are part owners of their companies is probably better described as "distributed ownership" to avoid confusing connotations. If the first thing you have to do is explain to people that you're not advocating a Nordic style welfare state or a USSR/CCP/North Korean style dystopian dictatorship, you're using problematic terminology.

If I'm misunderstanding you and you're advocating that all businesses should be controlled by a (democratic) government rather than by their employees then I'd be against that because most people are not going to have enough time, under any system, to become informed about stuff they have no direct stake in. I don't want politicians or voters responding to a media fear campaign telling businesses what products to produce and such a system would almost certainly devolve into incumbent politicians using the media to keep themselves in power and ensure their preferred successors win. I think it essential that decisions on whether to start new firms or what they are to produce should be mostly depoliticized except where there's a strong public interest that the government needs to regulate (like firms that want to pollute the environment or sell harmful highly addictive products).

An economy completely under the control of a democratic government would allow 50%+1 people who don't like Taylor Swift's music to ban her from singing and deprive 40% of the population who are fans of her music of their right to listen to her sing (or in the case of representative democracy, allow a majority to vote for a "lesser evil" party that includes outlawing Taylor Swift concerts as one of their package deal policies). A more extreme example of why democracy needs to be limited in scope would be how the democratic government of Athens voted, by majority popular vote, to execute Socrates because his constant challenging questions they didn't want to answer were annoying to them.



No, the word socialism is correct, it describes pretty much what you call "distributed ownership", although a condition should be it's also democratic. I don't see why to avoid a well-defined term because of a connotation, that's a receiver's and not a sender's problem.

Regarding democracy, this kind of voting (although it's unequal) already exists with publicly traded companies. Interestingly, nobody is worried where billionaires will find the time or interest to vote in many companies they own; it's always the common people being the problem.




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