Stuff You Should Know How Socialism Works
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Sep 16, 2014 A brisk tour of socialism's many forms, from utopian communes to Soviet planning. They trace its 19th century roots, American history, and why the label became controversial. The conversation covers market-socialist hybrids, nationalization and privatization swings, and how modern mixed economies blend welfare, regulation, and markets.
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Socialism's Reputation As A Dirty Word
- The hosts note socialism has been
Economy As The Root Of Social Order
- Socialism and capitalism both treat the economy as the foundation of society and offer opposite answers about who controls production.
- Marx and Engels argued economic structure creates class stratification, so controlling the economy reshapes social outcomes.
Socialism Means Public Control Of Production
- Socialism aims to eliminate classes by having people collectively own production while distribution is decided by a central authority.
- That often includes public ownership of factories while allowing personal possessions like TVs under state control of means of production.