Not to be confused with
Capitalist Communism.
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 
Classical Liberalism and 
Mutualism had their first lovechild, who was first written about in The Wealth of Nations by Adam Smith.
MarkSoc wants widespread workers' self-management within the framework of a market economy. Each worker can either directly own their workplace or vote to elect their managers.
History
Market Socialism emerged as a response to classical liberalism, in fact, the most widely known Market-Socialist literature, the Principles of a Political Economy is a series of essays by John Stuart Mill as a direct response to the Wealth of Nations.
Conceptions
Employee Funds
The wage-earner fund was a 
Swedish proposal by Rudolf Meidner to transition from a 
social democratic economy to a 
market socialist one. The companies with more than 50 employees would have 20% of their profits taxed to allow the funds to buy up shares in the companies. Since the trade union representatives control those funds, collective employee ownership will be attained after two decades.
Illyrian model
Prominent economists in 
Yugoslavia, such as Jaroslav Vaněk and Branko Horvat, advocated for this type of Market Socialism. Workers would be the owners in their enterprises, and daily management would abide by one worker, one vote principle. Profits from the worker co-ops will directly compensate the employees within. Each labor-managed firm will compete in open and free markets, and they may be able to form cooperative federations. It's possible to have a 
laissez-faire form of market socialism with this, similar to Mutualism.
Titoism / Self-governing socialism
Like the Illyrian model, workers' self-management was also implemented via worker councils. The difference was that government intervention in the economy was far-reaching. The workers didn't own the firms they worked in, or as the 1974 constitution put it, "...no one has rights of ownership over the social means of production..." Like many other Market Socialists, Titoism believed in a 
strong welfare state for the citizens.
Lange–Lerner theorem
There would be a market for final goods, while the state uses a central planning board to allocate the means of production. The government will set prices for capital goods by trial and error until they reach the equilibrium between supply and demand. The workers would still democratically manage the state-owned enterprises, and there would be social dividends thanks to the socially-owned capital and natural resources. Despite being called "market socialism" by its founders, Lange Model was more of a market simulated planning or a semi-planned economy.
Municipal Socialism
Municipal Socialism is a variant of Market Socialism that advocates the use of local government to further social and public ownership of utilities. It predominately hails from the 
UK, specifically in the city of Preston.
Personality and Behaviour
MarkSoc is quite disdainful of other, more radical socialists, as well as 
capitalists. They look down on other leftist ideologies for preventing the beneficial aspects of markets from proliferating in a File:Soc.png socialist system, as well as looking down on 
rightist ones for the perceived corruption and suffering in their systems.
MarkSoc thinks they are the ultimate ideology and insists on everyone reading 1000 pages of economic theory to prove their point. They sometimes get caught up in their own self-importance, but they truly care about trying to help the workers of the world.
How to Draw
- Draw a ball.
- Fill the ball white.
- Draw at the top a red hammer.
- Below that, draw two red arrows crossing each other.
- Below that, draw a red star.
- Add the eyes, and you're done!
| Color Name | HEX | RGB | |
|---|---|---|---|
| Red | #EC1D26 | 236, 29, 38 | |
| White | #FFFFFF | 255, 255, 255 | |
Relationships
Friends
Democratic Socialism 
- They're fellow socialists and supporters of cooperatives.
Mutualism - My more wacky influence.
Libertarian Market Socialism - My freedom-loving descendent.
Syndicalism - Workforce unionization and decentralized worker organizations? Based!
Social Democracy - Good friends of mine, although they're still capitalists.
Nordic Model - Same as above.
Distributism - Pretty much on the same page, but they're a little more religious than I am.- Titoism - My most successful form.
Goulash Communism - The market reforms to improve living standards are good, but you could've incentivized more workers' self-management.
Yellow Socialism - A bit too 
reactionary social-wise, but otherwise he's cool.
Liberal Socialism - My liberal child.
Guild Socialism - Basically me but Medieval-inspired and organized along professional lines.
Frenemies
Capitalism - Sorry dude, your markets are cool, but your bosses are not. We also both like Adam Smith but for VERY different reasons.
Classical Liberalism - Same as above, I also enjoy Smith's works, but you're still a capitalist.
Austrolibertarianism - Thanks for the ECP, but your unregulated capitalism is horrific.
Social Liberalism - We share a lot of the same ideals, and we both like John Stuart Mill, but doesn't provide practical solutions.- Capitalist Communism - You've got free markets in a socialist state, which is similar to myself but rather contradictory.
Dengism - You are not me! You are at least trying to combine your "socialism" with the market.
Anarcho-Syndicalism I love your brother, but why do you want to get rid of the government?
Social Corporatism - Better than regular 
corporatism, but still too hierarchic.
Leninism - You understand that cooperatives are a good way to transition into socialism, which is based, I also like the New Economic Policy, but your rejection of reform is something I wouldn't like, in fact, reform is ideal in achieving socialism.
Juche - I like your economic ideas, but the authoritarianism and protectionism is cringe.
State Socialism - We are both socialists, but you should lessen your authoritarian rhetoric. A planned economy is stagnant and your tendency to be overly centralized and overly bureaucratic in dealing with economics tends to hurt the working class more than it helps them.
Enemies
Fascism - A corporatist economy is not even close to what I advocate for, especially with the class collaboration that it requires.
Marxism–Leninism - I fit the official definition of "Socialism" so don't call me a fake socialist!
Stalinism - I AM SOCIALIST, OK?
Khrushchevism - Banning cooperatives in 1956 was the reason why the Soviet economy stagnated!
Hoxhaism - Stop calling any socialist ideologies that stray even slightly from Marxism–Leninism revisionist!- Corporatism - My opposite.
State Capitalism - Stop pretending to be me! We are pretty different.
Left Communism - Why do you hate me?
Anarcho-Capitalism - The free market means no capitalism.
Further Information
Literature
- The Wealth of Nations by Adam Smith
- Principles of Political economy by John Stuart Mill
- Chapters on Socialism by John Stuart Mill
- On the Economic Theory of Socialism by Oskar Lange
- Market, State, and Community: Theoretical Foundations of Market Socialism by David Miller
- Why Market Socialism?: Voices from Dissent by Frank Roosevelt, David Belkin, and Robert L. Heilbroner (1994)
- After Capitalism by David Schweickart
- Democracy at Work: A Cure for Capitalism by Richard D. Wolff
- Private Government: How Employers Rule Our Lives (and Why We Don't Talk about It) by Elizabeth Anderson
Online Communities
Wikipedia
- Market Socialism
- Market Socialist Economy
- Laissez-Faire Socialism
- Employee funds
- Economy of SFRY
- Socialist self-management
- Lange Model
- Labor theory of value
People
Louis Blanc
John Stuart Mill 
Branko Horvat- Jaroslav Vaněk
Erich Honecker 
- Josip Broz Tito
Richard D. Wolff 
Rudolf Meidner
Videos
Gallery
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Credit: Arksiane's drawing
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Annoyed MarkSoc
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