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In reply to the discussion: 64 percent say Democratic Party supports socialism, says poll [View all]Oak2004
(2,140 posts)and while this has been interpreted to mean "the government" by some socialists, others of us look to cooperatives, union representation on boards of directors, and other means to shift the balance of power from those who own to those who produce.
There are of course times when government ownership is appropriate, and we do have such arrangements today even under capitalism. For example, my city owns the local power company. Far from being inefficient, municipalities that own their own utility providers have significantly lower utility costs. However, that my city owns the electric company does not empower the electrical workers, because government ownership has proven to be unsuccessful as an intermediate step towards worker self-management. This is one reason why many contemporary socialists see nationalization of industry as a failed tactic.