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|definition =|song =|founder = John Stuart Mill (1806-1873) |likes =|dislikes =}} |
|definition =|song =|founder = John Stuart Mill (1806-1873) |likes =|dislikes =}} |
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'''Market Socialism''', clipped to '''MarkSoc''', is an economically left-wing ideology that is unique as a leftist ideology in that it is one of the few that views markets as beneficial. Market Socialism was born in the 18th Century, when what would later be known as [[File:Clib.png]] [[Classical Liberalism]] and [[File:Mutalist.png]] [[Mutualism]] had their first lovechild, who was first written about in ''The Wealth of Nations'' by Adam Smith. |
'''Market Socialism''', clipped to '''MarkSoc''', is an economically left-wing ideology that is unique as a leftist ideology in that it is one of the few that views markets as beneficial. Market Socialism was born in the 18th Century, when what would later be known as [[File:Clib.png]] [[Classical Liberalism]] and [[File:Mutalist.png]] [[Mutualism]] had their first lovechild, who was first written about in ''The Wealth of Nations'' by Adam Smith. |
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MarkSoc believes that workers should own the means of production through cooperatives (co-ops) and that some portion of the economy should be structured around those cooperatives competing with each other through a market system. These cooperatives would be able to form federations of cooperatives, and profits from the cooperatives might be used to directly remunerate workers in the cooperative or be divided up and distributed by the state. Market socialists usually believe in some form of a welfare state to go alongside this system, but this is not necessarily required, and it's theoretically possible to have a laissez-faire form of market socialism. |
MarkSoc believes that workers should own the means of production through cooperatives (co-ops) and that some portion of the economy should be structured around those cooperatives competing with each other through a market system. These cooperatives would be able to form federations of cooperatives, and profits from the cooperatives might be used to directly remunerate workers in the cooperative or be divided up and distributed by the state. Market socialists usually believe in some form of a welfare state to go alongside this system, but this is not necessarily required, and it's theoretically possible to have a laissez-faire form of market socialism. |
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