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 believes that workers should own the means of production through cooperatives (co-ops), either directly owned by its workers or owned by the state, 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.

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

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:Socdem.png]] Social Democracy - Good friends of mine, although they're still capitalists.
 * [[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:SocDist.png]] Social Distributism - A good friend of mine.
 * [[File:Tito.png]] Titoism - Most successful form of me.
 * [[File:Yellsoc.png]] Yellow Socialism - A bit too reactionary social-wise, but otherwise he's cool.

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:Lib.png]] Liberalism - We share a lot of the same ideals, but not practical solutions.
 * [[File:Demcr.png]] Democratism - Soon.
 * [[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:ML.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:Dengf.png]] Dengism - YOU ARE NOT ME! YOU ARE [[File:Statecap.png]] State Capitalism!
 * [[File:corptism.png]] Corporatism - My opposite.
 * [[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
 * On the Economic Theory of Socialism by Oskar Lange

Online Communities

 * r/Market_Socialism
 * r/Supercapitalists

Wikipedia

 * Market Socialism
 * Market Socialism Economy
 * Laissez-Faire Socialism
 * Lange Model
 * Economy of SFRY
 * Labor theory of value

People

 * Louis Blanc
 * John Stuart Mill

Videos

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