Starting Businesses on Socialist Principles

 
BY: Bea Lumpkin| August 16, 2016
QWhy can't workers just pool their money and start businesses built on socialist principles? On your web page Bill of Rights Socialism it says “In a socialist economy, things get turned right side up. The ownership and control of the means of production would be in the hands of those who do the work.” The USA communist party can start doing this now. All they need to do is have socialist/communist workers voluntarily pool their money together and start there own businesses based on socialist principles and prove theirs is a better way. Once people see how much better off they are working for businesses run by socialists more and more businesses will be started by socialists and socialism will take over more and more of the economy naturally. So why don't socialist/communist workers voluntarily pool their money together and start there own businesses based on socialist principles and prove theirs is a better way ? Thank You, Michael
AThanks for your question Michael. Your idea, of  "workers voluntarily pool their money together and start their own businesses" has been tried and is often successful in specialized, small scale businesses usually known as cooperatives. However, as a way of transforming the capitalist system that puts profit first and people last, it's our opinion that the key, massive sectors of the economy must be publicly owned. Examples of key sectors are railroads, auto plants, steel mills, power plants, communications networks, banks. These are beyond the ability of workers to buy with the money "they pool together."

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