Lumifer comments on On Walmart, And Who Bears Responsibility For the Poor - LessWrong

13 Post author: ChrisHallquist 27 November 2013 05:08AM

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Comment author: Lumifer 03 December 2013 01:03:38AM -1 points [-]

Well, these three axes are not independent, are they?

Private ownership necessarily implies the profit motive and market "planning", otherwise I don't see how you can talk about meaningful private ownership. If the state tells you what to produce, takes away your profits, and replenishes your losses, in which sense do you own the means of production?

Public ownership with profit motive seems unappealing, besides the state can't really have a profit motive since it's trivial for it to get more money if it wants it.

And as I mentioned in the other post, I can't see how public ownership and public-goods motive can work with market mechanisms.