Market Socialism

"Not to be confused with Capitalist Communism."

Market Socialism, clipped to MarkSoc, is an economically left-wing ideology that is unique as a leftist ideology in that it is one of the few that views markets as beneficial. Market Socialism was born in the 18th Century, when what would later be known as Classical Liberalism and  Mutualism had their first lovechild, who was first written about in The Wealth of Nations by Adam Smith.

MarkSoc wants widespread workers' self-management within the framework of a market economy. Each worker can either directly own their workplace or vote to elect their managers.

History
Market Socialism emerged as a response to classical liberalism, in fact, the most widely known Market-Socialist literature, the Principles of a Political Economy is a series of essays by John Stuart Mill as a direct response to the Wealth of Nations.

Employee Funds
The wage-earner fund was a Swedish proposal by Rudolf Meidner to transition from a  social democratic economy to a  market socialist one. The companies with more than 50 employees would have 20% of their profits taxed to allow the funds to buy up shares in the companies. Since the trade union representatives control those funds, collective employee ownership will be attained after two decades.

[[File:Cooperative Socialism.png]] Illyrian model
Prominent economists in Yugoslavia, such as Jaroslav Vaněk and Branko Horvat, advocated for this type of Market Socialism. Workers would be the owners in their enterprises, and daily management would abide by one worker, one vote principle. Profits from the worker co-ops will directly compensate the employees within. Each labor-managed firm will compete in open and free markets, and they may be able to form cooperative federations. It's possible to have a laissez-faire form of market socialism with this, similar to  Mutualism.

[[File:Tito.png]] Titoism / Self-governing socialism
Like the Illyrian model, workers' self-management was also implemented via worker councils. The difference was that government intervention in the economy was far-reaching. The workers didn't own the firms they worked in, or as the 1974 constitution put it, "...no one has rights of ownership over the social means of production..." Like many other Market Socialists, Titoism believed in a strong welfare state for the citizens.

[[File:Lange.png]] Lange–Lerner theorem
There would be a market for final goods, while the state uses a central planning board to allocate the means of production. The government will set prices for capital goods by trial and error until they reach the equilibrium between supply and demand. The workers would still democratically manage the state-owned enterprises, and there would be social dividends thanks to the socially-owned capital and natural resources. Despite being called "market socialism" by its founders, Lange Model was more of a market simulated planning or a semi-planned economy.

Personality and Behaviour
MarkSoc is quite disdainful of other, more radical socialists, as well as capitalists. They look down on other leftist ideologies for preventing the beneficial aspects of markets from proliferating in a  socialist system, as well as looking down on  rightist ones for the perceived corruption and suffering in their systems.

MarkSoc thinks they are the ultimate ideology and insists on everyone reading 1000 pages of economic theory to prove their point. They sometimes get caught up in their own self-importance, but they truly care about trying to help the workers of the world.

How to Draw
Marksoc_flag.svg


 * 1) Draw a ball.
 * 2) Fill the ball white.
 * 3) Draw at the top a red hammer.
 * 4) Below that, draw two red arrows crossing each other.
 * 5) Below that, draw a red star.
 * 6) Add the eyes, and you're done!

Friends

 * [[File:Dsa.png]] Democratic Socialism [[File:Demsocstar.png]] - They're fellow socialists and supporters of cooperatives.
 * [[File:Mutalist.png]] Mutualism - My more wacky influence.
 * [[File:Libms.png]] Libertarian Market Socialism - My freedom-loving descendent.
 * [[File:Synd.png]] Syndicalism - Workforce unionization and decentralized worker organizations? Based!
 * [[File:Socdem.png]] Social Democracy - Good friends of mine, although they're still capitalists. I̶’̶m̶ ̶t̶h̶e̶ ̶k̶e̶y̶ ̶t̶o̶ ̶w̶h̶a̶t̶ ̶y̶o̶u̶ ̶w̶a̶n̶t̶
 * [[File:Nordmodel.png]] Nordic Model - Same as above.
 * [[File:Distributist.png]] Distributism - Pretty much on the same page, but they're a little more religious than I am.
 * [[File:Tito.png]] Titoism - Most successful form of me.
 * [[File:Goulash.png]] Goulash Communism - The market reforms to improve living standards are good, but you could've incentivized more workers' self-management.
 * [[File:Yellsoc.png]] Yellow Socialism - A bit too [[File:React.png]] reactionary social-wise, but otherwise he's cool.
 * [[File: Liberalsoc.png]] Liberal Socialism - My liberal child.

Frenemies

 * [[File:Cap.png]] Capitalism - Sorry dude, your markets are cool, but your bosses are not. We also both like Adam Smith but for very different reasons.
 * [[File:Clib.png]] Classical Liberalism - Same as above, I also enjoy Smith's works, but you're still a capitalist.
 * [[File:Soclib.png]] Social Liberalism - We share a lot of the same ideals, but not practical solutions.
 * [[File:Capcom.png]] Capitalist Communism - You've got free markets in a socialist state, which is similar to myself but rather contradictory.
 * [[File:Dengf.png]] Dengism - You are not me!  You are at least trying to combine your "socialism" with the market.
 * [[File:AnSynd.png]] Anarcho-Syndicalism I love your brother, but why do you want to get rid of the government?
 * [[File:Social corpratism.png]] Social Corporatism - Better than regular [[File:corptism.png]] corporatism, but still too hierarchic.

Enemies

 * [[File:Fash.png]] Fascism - A corporatist economy is not even close to what I advocate for, especially with the class collaboration that it requires.
 * [[File:Marxlen.png]] Marxism–Leninism - I fit the official definition of "Socialism" so stop calling me a fake socialist!
 * [[File:Stalin.png]] Stalinism - I AM SOCIALIST, OK?
 * [[File: Khrusch.png]] Khrushchevism - Banning cooperatives in 1956 was the reason why Soviet economy has stagnated!
 * [[File:Hoxha.png]] Hoxhaism - Stop calling any socialist ideologies that stray even slightly from Stalinism revisionist!
 * [[File:corptism.png]] Corporatism - My opposite.


 * [[File:Statecap.png]] State Capitalism - Stop pretending to be me! We are pretty different.


 * [[File:LeftCom.png]] Left Communism - Why do you hate me?

Literature

 * The Wealth of Nations by Adam Smith
 * Principles of Political economy by John Stuart Mill
 * Chapters on Socialism by John Stuart Mill
 * On the Economic Theory of Socialism by Oskar Lange
 * Market, State, and Community: Theoretical Foundations of Market Socialism by David Miller
 * Why Market Socialism?: Voices from Dissent by Frank Roosevelt, David Belkin, and Robert L. Heilbroner (1994)
 * After Capitalism by David Schweickart
 * Democracy at Work: A Cure for Capitalism by Richard D. Wolff
 * Private Government: How Employers Rule Our Lives (and Why We Don't Talk about It) by Elizabeth Anderson

Online Communities

 * r/Market_Socialism
 * r/Supercapitalists

Wikipedia

 * Market Socialism
 * Market Socialist Economy
 * Laissez-Faire Socialism
 * Employee funds
 * Economy of SFRY
 * Socialist self-management
 * Lange Model
 * Labor theory of value

People

 * Louis Blanc
 * John Stuart Mill
 * Branko Horvat
 * Jaroslav Vaněk
 * Richard D. Wolff
 * Rudolf Meidner

Videos

 * AskProfWolff: What is the difference between market socialism and centralized socialism? by RichardDWolff
 * Can We Do It Ourselves? by Friatidningar
 * Socialist Debate: Main Arguments by Adam G

Gallery
MarktsozialmusSocjalizm rynkowy