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In Capitalism, markets transfer wealth from the worker to the CEO/Execs despite the worker doing the lion's share of the work. Communism offers a world of economic simplicity in which all workers own the means of production and share on equal terms with each other. That sounds pretty good, the hard laborer that quite literally does back breaking work (which is the majority) gets more than the CEOs/Execs that sit in nice comfortable A/C offices drive the nicest cars and the most physical labor they ever do is picking up a pen.
Why shouldn't the workers be the one to own the means of production and share it equally?
Yep, just wait until the ones doing the back breaking labor see that many others are being lazy and collecting the same pay. Then it all goes to hell when they decide to be lazy too. When will you all realize that communism does not work. Never has, never will!
Who’s stopping you from starting your own business? I don’t want to own the company I work for. I once worked for a company that had an Employee Stock Ownership Program. After four years, I had the equivalent of two years salary in stock. The company went out of business and I got nothing.
I would gladly accept profit sharing and don’t know why more companies don’t offer this in lieu of increasing wages. That way when the the economy tanks, they can reduce overall compensations without asking employees to take pay cuts.
And I don’t think that executives should be given stock options. This allows blatant insider trading. Only a person who actually starts the business with their own money should be allowed to own shares.
What the OP describes is not pseudo-communism. It's basic Communism.
The Chinese are no longer Communist in anything but name. Their government is essentially a commutariat- rule by committee under one central deciding over-seeing top ruler.
Their economy is now socialist, where capitalism is encouraged and highly regulated.
The encouragement brings innovation. The regulation spreads the wealth that innovation brings around to the entire society.
The only real Communist nation left is North Korea.
That's why there are so few communist countries left in the world now. It was a 19th century utopian philosophy that took root when the Age of Empire died, and it proved to be unworkable everywhere it was tried.
In Capitalism, markets transfer wealth from the worker to the CEO/Execs despite the worker doing the lion's share of the work. Communism offers a world of economic simplicity in which all workers own the means of production and share on equal terms with each other. That sounds pretty good, the hard laborer that quite literally does back breaking work (which is the majority) gets more than the CEOs/Execs that sit in nice comfortable A/C offices drive the nicest cars and the most physical labor they ever do is picking up a pen.
Why shouldn't the workers be the one to own the means of production and share it equally?
Physical labor isn't as valuable as being able to run a successful company. The end.
Also, if the workers can run the company as successfully as the CEO/Execs, why are they doing manual labor?
I think it explains very clearly why the fundamentals of communism do not work, and why the model is ultimately unsustainable.
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