Re:Think young people are hostile to capitalism now? Wait fo...
by AstralStorm on Wednesday October 23, 2019 @08:31AM
(#21333867)
There are multiple ways to disown companies.
One time tested way is nationalization, explicit by making the owner officials or by making the company leadership national government.
(Slightly different effects.)
Authoritarian governments prefer former, market based ones the later. (Second example is Korean Chaebols and their big influence.)
The other is directly bestowing workers with ownership or equity, in the extreme converting companies into cooperatives.
This is not socialism, but communism. (Not to be mistaken with stalinism or maoism.)
One time tested way is nationalization, explicit by making the owner officials or by making the company leadership national government. (Slightly different effects.) Authoritarian governments prefer former, market based ones the later. (Second example is Korean Chaebols and their big influence.)
The other is directly bestowing workers with ownership or equity, in the extreme converting companies into cooperatives. This is not socialism, but communism. (Not to be mistaken with stalinism or maoism.)