Cornel West & company explain why they are socialists..

[socialist_n_TN]

54. Before I answer this, remember.......

this is all just our opinions on these matters. We all believe in "economic democracy" (another term for socialism), but as to how the nuts and bolts of decision making will come about, that's going to have to be determined over a period of time. And it will probably be different for different industries and companies of different sizes. IOW, don't expect to have a fully formed socialist system described in an internet post. That said, here's MY opinion:

At the bottom level, very little would change for the "owner-operator" type businesses. They would probably get more tax breaks if wealth were distributed more equally in a socialist system and I'm sure that health care for all would open up the floodgates for these types of enterprises. The owner would make the decisions.

Medium level businesses would also benefit from a more equal distribution of wealth. I personally would give big time tax breaks for medium level businesses that were run as co-ops. If you wanted to be the "owner" of a medium level business, you could still do it, but you would forgo these tax breaks for co-ops. As I said above, there would be strong regulations for the treatment of your workers. The co-ops would probably elect a board that would run the day to day operations, along with, maybe elected "bosses" or supervisory personnel for individual departments. Not that much different from today, but I would make immediate recall of these officers a Constitutional provision. You couldn't amass power without the consent of the workers. If you abused your power, you'd be out on your ass.

The big businesses (interstate) would be run by the workers through an elected representative system like in medium level businesses complete with the immediate recallablilty provision, BUT there would also have to be SOME sort of central authority representation too. After all, if the business is big enough to affect the entire country, then ALL of the people would have to have some sort of say. The ALL of the people would be represented by these reps in addition to the actual worker's reps. The reason for this would be because there would have to be some sort of strategic central "plan" in order to get the basics for life out to ALL of the people. The workers would actually run the company, but the people's representatives would need to help set the strategic goals for production and distribution of the materials produced by these workers.

Finally, IMO, the most important part of this whole system would be the immediate recallability provision. IF you don't represent the workers who elected you, no matter what the level, you're out.