this post was submitted on 27 Feb 2024
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Microblog Memes
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A market can exist without private property by having capital be collectively owned and continuously up for auction to the highest bidder. Basically, each holder of means of production self-assess the price at which they would be willing to turn over that capital to another party, they pay a lease payment based on a percentage of that self-assessed price, and if someone comes along willing to pay that self-assessed price, require that they turn it over to that party
Maybe I'm not getting it, bu that just sounds like capitalism with extra steps.
In what I described, the differences are:
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