The entire concept of "profit" wouldn't be relevant in a socialist framework, nor would the concept of wealth in reference to abstract value.But you must admit that profit is critical for having a sustainable economy. There would have to be individuals benefiting from it and becoming more wealthy. This allows them to produce, We need a profiting wealthy class. I would, of course, just suggest that there be ironclad caps on personal wealth and there must be laws guaranteeing fair wages for the lower classes.The state would not own the market, the market would be utilized as a tool to provide for the people, not for profit. I don't see how the state would do that if the people had control of it and capitalists weren't running rampant. Of course private markets would still exist, nothing is perfect.Ok so the state would own the market? Wouldn't it not be feasible that the state could pay for a wealthy class and be the only source of revenue for the country? I am all for more socialization in our current state and keeping money out of politics, but the idea of not having a private market doesn't seem realistic.I would prefer a society without capitalism, or more so, private ownership of production for the profit of an individual, I want a society where production is tailored to the needs of the people, by the people, through democratic control. Income distribution? Progressive taxation, if the abstract value of money still exists. A wealthy class? I want everyone to be fed, sheltered, clothed, given access to healthcare.. If you refer to wealthy as material ownership, sure, that would still exist, but in reference to one owning billions while millions struggle to feed themselves? No, that wouldn't exist.
The only difference between Socialism and Capitalism is the Government owns Industry in Socialism. The people still run it either way.
Look at Austrailia. Home of Faux News founder Rupert Merdoch.
You can still buy politicians in Austrailia Socialism. The only thing that changed is the amount of power Politicians have.
Seems the focus should be more against politician pay-off's. Not our entire way of life.
And here is one demonstrating they do not understand the keyword terms that they use. Just to try and prove that they are not "anti" party.
A better example would have been the Obama stimulus and how all the major donors got their money plus some to recycle through the legal money laundering system into the DNC.