The Forum > General Discussion > Karl Marx Was Right?
Karl Marx Was Right?
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Who are the three who see socialism as a necessity? I see socialism and capitalism as economic systems which are neither good nor bad in themselves. Capitalism is good in Scandinavia and other places and oppressive in other places. Unfortunately the bigot's type of socialism predominates, but that does not mean socialism in itself must be bad.
Actually, I favour private ownership of the means of production where there is a market and competition. Where there is no competition or the consumer is locked in I favour either public ownership or benchmarks. Franklin Roosevelt set up a benchmark in the Tennessee Valley Authority (TVA). The TVA provided power to an area in the US which had not been electrified. However, it was also a benchmark in that it set standards for service and prices for other similar utilities whether publicly or privately owned.