Re:Boeing to lay off hundreds more engineers
by taway_1212 on Wednesday April 19, 2017 @04:13PM
(#14151341)
The idea is that the people are the owners and the government is only managing the work.
Re:Boeing to lay off hundreds more engineers
by baursak on Wednesday April 19, 2017 @04:38PM
(#14151535)
Which is not the same as direct ownership. It's similar to the dynamic of democracy at work in the US at federal level vs. local municipal level. If large-scale federal level democracy doesn't work too well, we're not immediately dismissing democracy outright, right?
In existing and past "communist" economies the companies are NOT directly owned by people who work there. They are owned by the government who employs the workers.
See https://en.wikipedia.org/wiki/State_capitalism