What is being suggested as socialism is in reality command capitalism - the ownership is private and allocation mechanism is changed from market driven to some utopian entity in future ie planned way. After a brief time this allocation mechanism will be switched by individuals ie command economy.
#socialism #commandcapitalism commandeconomy #AI #Economy
#TimWu: "…more important than #thedeal itself is the approach. It hints at a new era in economic policy for the United States that is centered on a paramount leader (Mr. #Trump) actively picking winners and losers. To be sure, the federal government, usually by way of Congress, has previously practiced #industrialpolicy. But the #centralization of policy in the president would be something different: more like a command economy, which in the United States might be called #commandcapitalism."
shreyasd
Xamanismo Coletivo