Socialist Progressives
In reply to the discussion: Dumb question: what's a Socialist? [View all]socialist_n_TN
(11,481 posts)the overall economy is planned around the needs of the people before the profit of a small clique of "owners".
A possible example to illustrate would be ethanol made from corn, a food product. If there's only enough corn grown to feed people, then ALL the corn would be grown to feed people and NONE would be used to make ethanol. But that is just a gross example. You'd also have to factor in transportation means and costs into that equation too. IOW, if you need to make some ethanol from corn in order to transport the food corn to the cities where the people live, you'd have to plan for it. However, who "owns" that corn wouldn't factor into the equation because, the people as a whole would own that corn.
This would apply to ALL of the "necessities". The basics of course, food, clothing, housing would be planned for and then whatever else the majority would CONSIDER necessities. Most would add in health care, education, transportation, ???. And in a works' council style democracy, the people would decide what those necessities were.