this post was submitted on 20 Jul 2023
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So you are defining an ambiguous term in order to better criticise it? That makes sense, but it might not convince people who have different definitions ๐ค
Like I for example would consider a Co-Op where the employees own the company / have voting power over how its run to be a part of a capitalist system, hell, I'd even consider someone who makes a living as an artist where they own all their tools to be a part of a capitalist system... although I suppose that could also be considered socialist to some degree because the artist "owns" the means of production?
These definitions are kind of difficult to use...
Not defining the term. I am using the term how it is used. I hate to appeal to wikipedia, but they include wage labor in capitalism's central characteristics.
Happy to call economic democracy a variant of capitalism depending on the audience. It is odd tho with labor having a special role.
The difference from capitalism is the right to worker coop is inalienable in economic democracy, so working in a firm automatically grants control rights.
I am not a socialist, so cannot comment there