How Slovenia Got Rich Without Capitalism 🇸🇮

Husseinisdoingfine
By Husseinisdoingfine in Society, Politics, Government, Environment, Current Events,
What Slovenia essentially did was decentralize the economy. Instead of businesses being run by the government, those who worked in the enterprises managed and owned them. To achieve this, they created workers' councils, consisting of 75% workers, to make administrative decisions for the businesses. Businesses competed with each other, preserving the market system, and were allowed to set their own prices. In contrast, in other socialist societies, businesses were not allowed to set their own prices at all. This was a form of socialism that integrated a market system of free trade, as enterprises competed against each other and with other countries in an open and free market. [Referring to the 10:55 minute mark] It's interesting to note that this form of "reformed" socialism (workers managing their own production in their own factories) is actually much closer in spirit to original Marxism and other early Communist/Anarchist ideologies than the centrally planned state economies of the Soviet bloc. The centrally planned economies ultimately disempowered workers and empowered a new bureaucratic/technocratic class, which is the opposite of the proletarian revolution that Marx and Engels envisioned. Bonus video:    
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