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A comment on Every company should be owned by its employees. Parent comment

Re:Every company should be owned by its employees by Miner49er on Thursday July 25, 2024 @02:05PM (#41071517)
> Individual companies being owned by their employees isn't socialism.

Actually, yes, this is the literal definition of socialism. It's workers owning the means of production.

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Re:Every company should be owned by its employees by sofixa on Thursday July 25, 2024 @03:36PM (#41072501)
Not individual companies, but at the wider scale. Socialism is an economic system, not the specific act of one group of employees owning where they work.

In the same way that China having private companies doesn't make it capitalistic.

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