General Discussion
In reply to the discussion: What does "abolish profit" mean? [View all]Lee-Lee
(6,324 posts)I realize some here need everything spoon fed to them and even going to the website of the group under discussion and looking for themselves is too hard- and yet making a totally wrong assumption and post is ok.
https://www.dsausa.org/govt_run_everything
Today, corporate executives who answer only to themselves and a few wealthy stockholders make basic economic decisions affecting millions of people. Resources are used to make money for capitalists rather than to meet human needs. We believe that the workers and consumers who are affected by economic institutions should own and control them.
Social ownership could take many forms, such as worker-owned cooperatives or publicly owned enterprises managed by workers and consumer representatives. Democratic socialists favor as much decentralization as possible. While the large concentrations of capital in industries such as energy and steel may necessitate some form of state ownership, many consumer-goods industries might be best run as cooperatives.
You can note that link is direct to the DSA website. And answers to all you other questions can also be found there at that same link just by clicking on various links on that page- if that is not too much work for you.