Comment on Can socialism or communism have incentives (even without markets)?

coherent_domain@infosec.pub ⁨1⁩ ⁨day⁩ ago

Socialism only states the public ownership of means of production (sometimes called capital), but there is no requirement in the removal of market.

One of the way socialism can develop is when the cost of capital is way below cost of labour, making worker owning their own capital trivial.

However, there is really no requirement on the side of removal of market, universal healthcare, or universal educations etc; these are often consequence of a strong public sector and (at least attempts at) efficient allocation of resource. In most places people usually equate socialism with big government, that really is Marx-Leninism.

Marxism–Leninism holds that a two-stage communist revolution is needed to replace capitalism. A vanguard party, organized through democratic centralism, would seize power on behalf of the proletariat and establish a one-party communist state. The state would control the means of production, suppress opposition, counter-revolution, and the bourgeoisie, and promote Soviet collectivism, to pave the way for an eventual communist society that would be classless and stateless.

en.wikipedia.org/wiki/Marxism–Leninism

Either with market or not, in a socialist society, worker are still compensated for their labor and expertise, often more than a capitalist society, since labor is the more valuable resource given the low value of capital.

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