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Stephanie Carman
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Stephanie Carman
Asked: November 30, 20202020-11-30T06:23:13+01:00 2020-11-30T06:23:13+01:00In: Company

Can companies like amazon, Google, Uber Facebook and the likes survive if the US should turn Socialist?

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Uber, Amazon, and others have one common similar feature; they are monopolies, they have dominated their various industries. As it seems, the tech sector is the new big threat to capitalism. Can these companies survive in a Socialist State?

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    1. Ezra Thorton
      Ezra Thorton
      2020-12-01T12:32:13+01:00Added an answer on December 1, 2020 at 12:32 pm

      Absolutely nothing! Socialism allows private ownership. In fact private ownership was core to Lenin’s economic policy for the USSR from 1922 when the Russian revolutions were resolved, until 1928 when Stalin rescinded Leninism and adopted collectivism and central planning.
      There are as many versions of socialism as there are religious cults, sects & independent groups in the USA. These private companies will definitely survive a socialist US.

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    2. Ozie Weston
      Ozie Weston
      2020-12-01T12:32:48+01:00Added an answer on December 1, 2020 at 12:32 pm

      Workers would control these companies through unions, councils, or the state. All of the means of production of those companies would be worker-owned in some way. Production would be democratically controlled, and economic plans would determine what is produced, how much of it would be produced, and where it would go. The owners of these companies would have their property seized, their power taken away by the government, and their status reduced to that of an average worker.

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