That's why I and many other democratic socialists favor a market-based form of socialism -- one in which workers get an equitable portion of the wealth their labor creates, in which firms are organized as worker-owned cooperatives rather than pieces of private property, in which market-based competition exists within a framework of regulation designed to severely curb levels of economic inequality while still giving people the chance to advance in life.
That's why real progress in the economic sphere requires an economic system that preserves the advances capitalism has given us while also recognizing and avoiding the oppressions those advancements have been built upon.
Well, The Miminum Wage Act is pretty socialist. If I understand socialism correctly.
It's saying that no matter the job, everyone will earn the exact same pay level. So, if your job is a lot more labor intensive and demanding, than certain other jobs, you'll still earn the same amount.
'I've heard people complain a little about that, and some political types flat out say it's communist/socialist.
But on the other hand, you have the hard capitalism. Where corporate execs earn 6 figures, (plus the same in bonuses) and then expect the regular workers to toil under minimum wage, under stressful conditions, even when the company is failing.
Anyone remember the Hostess Scandal --
But the funny thing is there are people who consider this type of system completely normal, and consider minimum wage laws dangerous.
So you have the Earth type socialism, where everyone, regardless of their job or status, has the same type of access to goods from a replicator, or the Ferengi style capitalism, where exploitation is considered a normal by-product.
But the market and everyone is "free".