Comment by impossiblefork
12 hours ago
Socialism would be worker ownership.
This is simply state ownership of what's seen as a strategic business. It's an abandonment of market dogmatism, but not a step towards any of the many ideologies or positions where markets have a smaller role.
So by that logic, state provided healthcare is not socialism. But a labor union providing health insurance is socialism.
Can we get some of that state owned health care :-p
> So by that logic, state provided healthcare is not socialism.
Well, it's not. It's only socialism if the state decides to provide it for everybody.
A state-owned corporation isn't necessarily socialism.
(And yeah, you say it like if it's a bad word...)
I think the phrase i heard before is State Capitalism. But i could be wrong
Yes. State capitalism is definitely the word.
Usually I suppose, when I think state capitalism I would think something like the Soviet Union, where this happens across many businesses with the state owning everything, but I suppose it is state capitalism, or a state capitalist element in a market system. One might even call it a mixed economy, or a sort of hacked-apart Swedish model without labour unions and state ownership of only certain strategic industries, rather than let's say, state ownership of hospitals.