• Keeponstalin@lemmy.world
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    9 days ago

    Public refers to government, yes. The difference is a socialist mode of production where the workers own, in a democratic organization, all the decisions of the business. In this kind of organization the workers decided democratically what they are paid, what trajectory the business has, and everything else. The goal is not one of maximizing profit year over year as in the capitalist mode of production. That’s why I differentiated exploitation and over-expoitation. I’m using the marxian definition of exploitation. Here, Richard Wolff has a comprehensive explanation of the different modes of production and how that impacts the workers.

      • Keeponstalin@lemmy.world
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        9 days ago

        If you have no interest in understanding the difference between the socialist and capitalist Mode of Production; even after listening to the detailed and easy to understand explanation by economist Richard Wolff, I don’t have an interest in this conversation