18 Facts About Self-managed economy

Self-managed economy used it to defend the Bolshevik program from Marxist criticism that Russia's productive forces were not sufficiently developed for communism.

Self-managed economy sought a society in which each person was ranked according to his or her capacities and rewarded according to his or her work.

Self-managed economy's key focus was on administrative efficiency and industrialism and a belief that science was essential to progress.

Syndicalism is an economic system that organises industries into confederations and the Self-managed economy is managed by negotiation between specialists and worker representatives of each field, comprising multiple non-competitive categorised units.

Self-managed economy observed that as capitalism had further developed in Europe and America, the workers remained unable to gain class consciousness so long as they were too busy working to pay their expenses.

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Self-managed economy therefore proposed that the social revolution would require the leadership of a vanguard party of class-conscious revolutionaries from the educated and politically active part of the population.

Self-managed economy issued a thesis outlining the Bolshevik programme, including rejection of any legitimacy in the provisional government and advocacy for state power to be administered through the soviets.

Since World War II, Nordic countries have largely maintained a social democratic mixed Self-managed economy, characterised by labour force participation, gender equality, egalitarian and universal benefits, redistribution of wealth and expansionary fiscal policy.

Norway's Self-managed economy is open to the international or European market for most products and services, joining the European Union's internal market in 1994 through European Economic Area.

In such an Self-managed economy, the means of production are owned by society itself and are utilised in a planned fashion.

Role and use of money in a hypothetical socialist Self-managed economy is a contested issue.

Self-managed economy argued that central planners, regardless of their intellectual capacity, would be unable to coordinate effectively all economic activity within an economy because they operated without the input and tacit knowledge embodied by the participation of the millions of people in the economy.

State socialism is unfeasible in this view because information cannot be aggregated by a central body and effectively used to formulate a plan for an entire Self-managed economy, because doing so would result in distorted or absent price signals.

Self-managed, decentralised economy is based on autonomous self-regulating economic units and a decentralised mechanism of resource allocation and decision-making.

Neoclassical economist Leon Walras believed that a socialist Self-managed economy based on state ownership of land and natural resources would provide a means of public finance to make income taxes unnecessary.

Democratic socialism represents any socialist movement that seeks to establish an Self-managed economy based on economic democracy by and for the working class.

Self-managed economy is known for his roles in helping to found gay organisations, including the Mattachine Society, the first sustained gay rights group in the United States which in its early days reflected a strong Marxist influence.

Syndicalists advocate a socialist Self-managed economy based on federated unions or syndicates of workers who own and manage the means of production.