Genuine question. How would a transition to socialism work in practice?

Eating the billionaires and “nationalizing” publicly traded companies is the easy part. Saying “you can still possess your car” is also easy. The hard, and ultimately unpopular, part is everything else in between. Summer cottage? Family farm? What happens to pensions/retirement savings, land ownership, inheritance, small businesses, the apartment your are renting out to pay for your own rent…

Yeah, I know, these things tend to be out of reach for younger folks these days, precisely because of hyper wealth concentration. So with billionaires and mega corps out of the picture, the question still stands.

I'm not a socialist, but what I advocate for is explicitly postcapitalist.

Some postcapitalist policies include

- All firms are mandated to be worker coops similar to how local governments are mandated to be democratic
- Land and natural resources are collectivized with a 100% land value tax and various sorts of emission taxes etc
- Voluntary democratic collectives that manage collectivized means of production and provide start up funds to worker coops
- UBI

@leftymemes

I’m not a socialist

All firms are mandated to be worker coops

Pretty sure that qualifies as socialism for most people. Welcome onboard, my friend!

Most people think

Socialism = state central planning

@leftymemes