The problem is profits is what drives innovation, research and development. Without the incentive to improve your own situation you are not motivated to innovate and improve the life of everyone. That's why it is doomed to fail.
tartarin
joined 1 week ago
Thanks, so the nearest thing to socialism is what Trump is doing, being elected by workers, trying to intervene into businesses using the government power to make them adopt his own views even if detrimental to the businesses themselves. Protectionism isn't a right wing policy, it's a left wing policy. Usually, the right wing is favorable to free markets and free trade and low level of government involvement into businesses.
Frankly, the Republicans should be horrified by these policies and the direction this administration is heading to.
What does it have to do with the fact you cannot identify a single socialist country where the workers are actually the owners of the production means?
You are living in a imaginary world.
So, socialism doesn't exist according to your definition since nowhere on this planet workers control shit.
Ask former Soviet workers, Chinese workers, Cuban workers, North Korean workers and Vietnamese workers how much control on production they have.
OMG! ๐ฅฐ๐๐ฆ
Rocket liftoff !
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JFK too.