this post was submitted on 20 Aug 2023
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Market Socialism (like worker co-ops)is my personal preference:
Private companies still exist, but instead of being beneficially owned by separate investors, they are collectively owned by the workers themselves. Think privately-traded corporations where all shares are held exclusively by employees. Profits can be reinvested in the company, spun-off into other ventures, or distributed between the workers themselves.
This retains the competitive benefits of markets, while cutting out the non-working investor class. Fewer billionaires, stronger middle class.
And, instead of dictatorial decisions coming from CEOs and separate investors, the decisions would be debated and decided by vote in the workers' board. An actual workplace democracy