Pelaxian Socialism: Difference between revisions

Pelaxian Socialism is a political, social, and economic philosophy encompassing a range political theories,and social systems characterised by social ownership of the means of production. It includes the economic policies and movements associated with such systems. Social ownership can be public, collective, cooperative, or of equity.  

Historically Pelaxian Socialists disagreed about the degree to which social control or regulation of the economy is necessary, how far society should intervene and whether government, particularly existing government, is the correct vehicle for change. Pelaxian Socialism lines of thought have been divided in non-market and market forms. Non-market socialism substitutes factor markets and money with integrated economic planning and engineering or technical criteria based on calculation performed in-kind, thereby producing a different economic mechanism that functions according to different economic laws and dynamics than those of capitalism. A non-market socialist system eliminates the inefficiencies and crises traditionally associated with capital accumulation and the profit system in capitalism. The socialist calculation debate, originated by the economic calculation problem, concerns the feasibility and methods of resource allocation for a planned socialist system. By contrast, market socialism retains the use of monetary prices, factor markets and in some cases the profit motive, with respect to the operation of socially owned enterprises and the allocation of capital goods between them. Profits generated by these firms would be controlled directly by the workforce of each firm or accrue to society at large in the form of a social dividend.