Quote:
Originally Posted by Damien
Well Marxism is, again correct me if I am wrong since I am not an expert, essentially communism. The abolishment of private property with the nations resources spread out to 'ensure equality'.
I think it's a bit of a leap to say nationalising the railway is therefore Marxist. You could argue any government ownership if Marxist if that was the case and the term would be useless as a result.
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Like anything it’s a spectrum. Marxism one end - total free market economy the other.
There are lots of models inbetween.
Even the USA has state controlled enterprises, very few granted.
China is essentially still a communist state..........
However, I would still describe that nationalisation of companies in what is, in the main, a free market economy as a Marxist policy. You could legitimately challenge that statement and I could legitimately argue it.
You can always argue some things should either be owned by the state or very closely regulated by the state, we generally go for the latter.
There is no compelling reason for Railway carriers, for example, to be state owned.