From: stephen@sprunk.org

On 23-Apr-15 12:44, Adam H. Kerman wrote:
> Stephen Sprunk  wrote:
>> On 22-Apr-15 17:11, Adam H. Kerman wrote:
>>> I'm using the term "socialism" correctly to refer to
>>> nationalization of public utilities, ...
>>
>> That is more correctly referred to as "state socialism" (or
>> "national socialism", prior to the Nazis appropriating that label
>> for what was really fascism).  Plain "socialism" refers to the
>> _workers_ owning the means of production, not the state.
>
> Dude. The workers themselves owning the means of production is one
> form of social ownership, but it is not an exclusive form of social
> ownership.
>
> Nationalization is another form.

Specifically, the form called "state socialism".

There is a _vast_ difference between the workers retaining the product
of their labor (and competing against other groups of workers) and the
state appropriating most of the product of their labor to fill the
public coffers (and typically outlawing competition).

In practice, the former works a _lot_ better than the latter.

S

--
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

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