By socialism I DO NOT MEAN COMMUNISM, which is a failed system. I do mean a political, economic and social System, which advocates socialism as a basis for the economy, which would be a market economy directed and guided by socialist planners making adjustments as shortages and surpluses occurred rather than relying on a free price mechanism, and democracy as a governing principle. This implies government ownership of the commanding heights of the economy, such as heavy industry, energy, and infrastructure, while introducing decentralised decision making and giving local managers more freedom to make decisions and respond to market demands and that political power would be in the hands of the people,
2007-07-05
00:10:45
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24 answers
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Anonymous
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Politics