would market socialism and democratic politics be better?

[Thom Jones]

The Chinese economy is market socialism and is doing very well, would that and democratic politics be the best way to have a country? Following the UK's politics because they have much better human rights.

[regerugged]

If you think China is doing well, you should visit the country. Because they are allowing free enterprise, the Chinese economy is growing at a higher percentage. But remember, over one billion people lived in poverty prior to the surge in activity. The number one thing rich Chinese people want is to get out of China.

[Anti]

No, because market socialism is exploitation of almost everyone.

The chinese government has a huge influence on the private industry through big legislation and progressive taxes, yet keeps the profit incentive (though Chinese employers don't keep as much profit as European or American ones do), yet there is poor social welfare.

[James]

China is just fascism with a communist face. Don't buy the party-line BS and take a look at their actions, they are not a good example of what socialism can offer.

Socialism would be better, but we should model if after Sweden, rather than China.

[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.