Mixed Socialist Economies
The notion of a mixed economy is not inclusive to capitalist economies - that is, economies structured upon capital accumulation and privately owned profit-seeking enterprises. Many different proposals for socialist economic systems call for a type of mixed economy, where multiple forms of ownership over the means of production co-exist with one another. For example, Alec Nove's conception of feasible socialism provides an outline for an economic system based on a combination of state-enterprises for large industries, worker and consumer cooperatives, private enterprises for small-scale operations, and individually owned enterprises.
Some proposals for market socialism involve a role for both economic planning and market forces in coordinating economic decisions.
The social democratic theorist Eduard Bernstein advocated a form of mixed economy, believing that a mixed system of public, cooperative and private enterprise would be necessary for a long period of time before capitalism would evolve of its own accord into socialism.
Read more about this topic: Mixed Economy
Famous quotes containing the words mixed and/or socialist:
“Haiti is full of nonsense and superstition. Theyre always mixed up with a lot of mysteries thatll turn your hair gray.”
—Garnett Weston. Victor Halperin. Dr. Brunner (Joseph Cawthorn)
“I pass the test that says a man who isnt a socialist at 20 has no heart, and a man who is a socialist at 40 has no head.”
—William Casey (19131987)