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:
“The land of shadows wilt thou trace
And look nor know each other’s face
The present mixed with reasons gone
And past and present all as one
Say maiden can thy life be led
To join the living with the dead
Then trace thy footsteps on with me
We’re wed to one eternity”
—John Clare (1793–1864)
“I pass the test that says a man who isn’t a socialist at 20 has no heart, and a man who is a socialist at 40 has no head.”
—William Casey (1913–1987)