Branding nationalizing companies as “citizens control” is quite the spin. Chinese citizens surely own the means of production, right?

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harimau777 3 days ago | parent | next [-]

I suppose that depends on whether said country is a democracy where citizens control the government or a dictatorship where they do not.

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bongodongobob 3 days ago | parent | prev [-]

Nationalizing a company isn't communism and isn't intended to resemble it.

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sanex 3 days ago | parent | next [-]

How is that not common/collective control of the means of production?

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thaumasiotes 3 days ago | parent [-]

What would common or collective control mean? If everyone held "control" in common, it wouldn't be possible to do anything.

It is possible to nationalize a company, though. For example, Saudi Aramco is owned by the state.

How is that not common/collective control of the means of production?

	▲	sanex 2 days ago \| parent [-]
		1. A central government taking ownership of a company in lieu of everyone owning a share. 2. It is.

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yunohn 3 days ago | parent | prev [-]

Indeed, it’s actually a horrific non-communist pro-capitalist version that leaves citizens much worse off - see “bailout socialism for the rich and rugged individualism for masses”.