• HardNut@lemmy.world
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    11 months ago

    I didn’t say the workers decided things, I said they had a right to, and then alluded to the diplomatic issues that creates… In fact, I heavily implied they can’t realistically make decisions when I said the group decides things on their behalf.

    Central Planned Economy: an economy where decisions on what to produce, how to produce and for whom are taken by the government in a centrally managed bureaucracy.

    In socialism, the market is controlled by the state. This fits the definition of central planning perfectly.

    In capitalism, the market is not controlled by a centralized bureaucracy.

    • Cowbee@lemm.ee
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      11 months ago

      You followed an arbitrary logical chain to depict one form of Socialism, yes.

      In Capitalism, the market is controlled by Capitalists, who represent a minor fraction of the population. In Socialism, the economy is controlled by everyone.