CONCEPT
Market socialism
A diverse family of models combining market coordination with some form of social or collective ownership.
Definition
Definition
What it means here
Do not treat every public investor, regulated market, or mixed economy as market socialism; ownership, control, and the allocation of returns all matter.
REFERENCE
Usage and orientation
How published approaches use this idea 1
contested
Swedish wage-earner fund program
The use of collective investment inside a continuing market economy makes market socialism a useful comparison, not a settled classification of the enacted compromise.
classification
The enacted funds pursued collective ownership and wage-earner influence through investments in a continuing market economy, connecting them to economic democracy, social ownership, and market-socialist thought without fully realizing any one of those broad concepts.
classification
The enacted compromise pursued several social-democratic aims but materially constrained the ownership-transfer mechanism, so it is a partial and contested instantiation rather than an embodiment of social democracy.