drewster1829 wrote:nitePhyyre wrote:Now someone please correct me if I am wrong. I was always under the impression that: Government ownership == Fascism/feudalism, private ownership == capitalism, and that public ownership == communism/socialism.drewster wrote:nowfocus wrote:Socialism and markets are not exclusive.
I was confused, but since we were talking about "full" socialism, I thought that implied government ownership of capital (as opposed to capitalism: private ownership of capital), which would be equivalent to a centrally planned economy...i.e., prices and supply would be determined by the government instead of by the market.
What's the difference between public ownership and government ownership? In the United States, we think of anything that's public being government owned.
I always thought that fascism implied extreme nationalism and a dictatorship, with government controlled business (which would fall under your definition, too), while feudalism is the lord/serf arrangement of non-property owning serfs working for property owning lords (who were not necessarily members of the government...I think).
Government ownership is what it sounds like. Public ownership would be more along the lines of handing control over to the various worker unions, charity groups, ACLU, churches and the like. There are more than likely other forms of public control, this is just the first thing that came to mind. Don't forget, Marx thought that the communist government's main role should be to make it self needlessly redundant, then systematically dismantle itself.
I guess I sort of meant "elements from the fascist school of economics". Feudalism read. FTA:
This leads me to believe that lords are in fact, the government.One of those obligations was to provide the lord with "counsel," so that if the lord faced a major decision, such as whether or not to go to war, he would summon all his vassals and hold a council... snip ...The King was a lord who loaned fiefs to aristocrats, who were his vassals. The aristocrats, through subinfeudation, were lords to their own vassals, Knights who were in turn lords of the manor to the peasants who worked on the land. Ultimately, the Emperor was a lord who loaned fiefs to Kings, who were his vassals. This traditionally formed the basis of a 'universal monarchy' as an imperial alliance and a world order.