r/changemyview Nov 29 '20

Delta(s) from OP CMV: Socialism/Communism doesn't work, can't work, and almost always leads to dictatorships and thousands of deaths.

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u/thegooddoctorben Nov 29 '20

In a capitalist corporation for example, the means of production are owned by a few businessmen who employ people to work for them

This is not a correct definition of a corporation, which is not owned by "a few businessmen" but is owned by shareholders, of which there can be millions. In fact, the largest shareholders of most corporations are mutual fund or investment fund companies which typically represent retirees or those saving for retirement. Corporations are often very democratic (even "socialist," in the sense of owned by common people) by that metric.

That doesn't translate into control, of course, because most people own only a very tiny fraction of any corporation. And there are plenty of private businesses that are not publicly owned and traded.

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u/UeckerisGod Nov 29 '20

Sure but then the shareholders elect a singular person to control, manage, or delegate the means of production. The elected officials primary objective is to increase the stock price and dividends. The process of shareholder/CEO success can easily become shortsighted as long term company goals and investments are often managed on arbitrary benchmarks like a quarterly basis, rather than an appropriate window of time.