>>237
Care to elaborate further?
>>238
>You do realize that the only purpose of companies in a market economy is making money, right? It doesn't matter if its owned by the workers or a CEO
Yeah but a worker owned company is going to be more responsible then a non worker owned company. Not to mention the fact that workers aren't being exploited because they're all getting an equal piece of the pie.
>Demand itself is based on pure speculation which leads to overproducing and eventually waste when the actual demand is filled and the remaining finished products that were produced based on the original speculation don't get sold and end up being put into warehouses to gather dust or simply dumped into a landfill.
So a socialist economy wouldn't be based on demand? How would the needs of the people be known if there wasn't any demand for goods?
As for overproduction, I don't see how that would be a problem because if you're not selling your product there's no reason to keep producing it.
With that said, you sound like the type of person who is for the complete elimination of money. However, that would just lead to a barter system where money is simply replaced with the exchange of goods directly.
At that point it would seem that the actual goods essentially become a new form of currency. In essence you wouldn't be eliminating capital at all, you would just be replacing it with raw materials.
I have no problem with competition, so long as the people are given their fair share.