would market socialism and democratic politics be better?

[scrawnykitten599]

I believe democracy and market socialism is the best system. But China is a poor example of market socialism. It is as capitalist as any other country.

Socialism isn't state ownership of some businesses; it is public, democratic ownership of the means of production. Market socialism means consumers decide what the economy produces through their purchases as opposed to a command economy where what is produced is determined by some central bureaucracy.

Democracy means power rests with everyone equally: equal votes, equal treatment under the law and equal pay for equal work.

Equal pay in the United States (the UK would be similar) means all full time workers make $127,000 per year. So everyone would be wealthy.

In a market socialist economy, companies are independently run, companies need to remain viable where expenses do not exceed revenues, and what consumers buy determines what the economy produces. But everyone earns an equal pay. Nobody pockets any profits. Total income from the entire economy is divided equally among all workers.

I believe under those definitions of democracy and market socialism, society would work best.