Production is socialised, profit is privatised
*planted: 17/07/2020last tended: 27/11/2021
Came across this idea from Breht O'Shea: Revolutionary Left Radio: Challenging Capitalism: Envisioning a Socialist Wor…
He said that the idea is from Engels' Socialism: Utopian and Scientific.
Same idea here from Mariana Mazzucato:
What this means is that we have socialized the risk of innovation but privatised the rewards.
1. Elsewhere
1.1. In my garden
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