Socialism is defined by the elimination of the purely capitalist class, wherin workers own the means of production.
That doesn’t necessarily mean that capital isn’t assigned for investment based upon market demand or that “EvEryoNe gEts pAId tHE SAmE” like others claim. Socialism in a modern economy can (and likely would be) market based, it just means that shareholders would be entirely made up of employees of a company (obviously this would lead to better conditions for workers, lower wages for executives and no dividend payments to people who aren’t working). Taking a more academic definition of capitalism, it’s entirely possible to be both socialist and capitalist. Few people are arguing against capitalism in entirety.
legion@lemmy.world 1 year ago
Plenty of people who are critical of capitalism aren’t necessarily advocating for an entirely different system. Rather, they’re advocating for dealing with the problems of capitalism head-on, rather than pretending that they don’t exist and allowing them to become worse.