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  Socialism had their first lovechild, who was first written about in The Wealth of Nations by Adam Smith.

MarkSoc believes that workers should own the means of production through cooperatives (co-ops) and that some portion of the economy should be structured around those cooperatives competing with each other through a market system. These cooperatives would be able to form federations of cooperatives, and profits from the cooperatives might be used to directly remunerate workers in the cooperative or be divided up and distributed by the state. Market socialists usually believe in some form of a welfare state to go alongside this system, but this is not necessarily required, and it's theoretically possible to have a laissez-faire form of market socialism.

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 lines crossing each other.
 * 5) Below that, draw a red star.
 * 6) Add the eyes, and you're done!

Friends

 * [[File:Dsa.png]] Democratic Socialism - He's a fellow socialist and supporter of cooperatives.
 * [[File:Mutalist.png]] Mutualism - My more wacky father.
 * [[File:Libms.png]] Libertarian Market Socialism - My freedom-loving son.
 * [[File:Socdem.png]] Social Democracy - A good friend of mine, although he's still a capitalist.
 * [[File:Nordmodel.png]] Nordic Model - Same as above.
 * [[File:Distributist.png]] Distributism - Pretty much on the same page, but he's a little more religious than I am.
 * [[File:SocDist.png]] Social Distributism - a good friend of mine.

Frenemies

 * [[File:Cap.png]] Capitalism - Sorry dude, your markets are cool, but your bosses are not.
 * [[File:Lib.png]] Liberalism - We share a lot of the same ideals, but not practical solutions.
 * [[File:Demcr.png]] Democratism - Soon.

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.

Literature

 * The Wealth of Nations by Adam Smith

Online Communities

 * r/Market_Socialism

Wikipedia

 * Market Socialism
 * Market Socialism Economy
 * Laissez-Faire Socialism
 * Lange Model
 * Economy of SFRY

Videos

 * AskProfWolff: What is the difference between market socialism and centralized socialism? by RichardDWolff