Production is socialised, profit is privatised

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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

Notes that link to this note (AKA backlinks).

1.3. Mentions

Recent changes. Source. Peer Production License.