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But usually the elite do not regard state ownership
of the means of production as in the elite interest. The elite
are capitalists and require capitalist institutions
,Production is privatised even to the point of
privatising prisons, school management, water supplies, other
utilities.. Even in Iraq the schools will be run by a crisis
management US firm and certainly reconstruction is not to be by publicly owned
firms but by contract out to crony private capitalists who will then be
responsible for trickle down sub=contracts to other private firms in
countries who were part of the coalition of the willing law breakers. No doubt
the US will also privatise ownership of Iraqi oil if they can as well as having
Shell executives run the present firm
and all the Baath executives will probably be fired
for the reason Chris Burford gave.
While free markets in capitalist
countries are not the ideal markets of libertarians but markets tailor made to
help those capitalists with most clout or groups such as farmers who are
politically significant, the economies are primarily market economies and only a
few sectors such as the military have large command aspects. And inputs are
almost uniformly from private firms. The problem with state ownership of means
of production is there is no direct link between ownership and sharing of profit
by capitalists on the basis of invested capital. Public ownership will typically
occur as hospitalisation to invest public money in failed private enterprise
later returned to private ownership. Or it can socialise the costs of expensive
infrastructure as happened with railways in some cases and public utilities,
hospitals, roads...but more recently even this type of role of public ownership
is being downgraded. We are returning to turnpikes with fees, private
prisons, and subsidies to private firms rather than public ownership. More
and more areas are being opened to for profit investment.
Cheers, Ken Hanly
Cheers, Ken Hanly
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- Re: "Socialist command type economy in Iraq"????, (continued)
- Re: "Socialist command type economy in Iraq"????, Hari Kumar Fri 30 May 2003, 11:48 GMT
- Re: "Socialist command type economy in Iraq"????, Devine, James Fri 30 May 2003, 15:16 GMT
- Re: "Socialist command type economy in Iraq"????, Ian Murray Fri 30 May 2003, 15:21 GMT
- Re: "Socialist command type economy in Iraq"????, Bill Lear Fri 30 May 2003, 15:32 GMT
- Re: "Socialist command type economy in Iraq"????, k hanly Fri 30 May 2003, 16:21 GMT
- Re: "Socialist command type economy in Iraq"????, Ian Murray Fri 30 May 2003, 16:36 GMT
- Public/Private, andie nachgeborenen Fri 30 May 2003, 16:46 GMT
- Re: Public/Private, Ian Murray Fri 30 May 2003, 17:04 GMT
- Re: "Socialist command type economy in Iraq"????, Devine, James Fri 30 May 2003, 15:25 GMT