Let me tell you what happened here some time ago.
After the government seized the means of production to people they gave each worker a share in the company.
On that same day the workers sold it or lost it, bought vodka or cigarettes for the few pennies they made. Not much was left in the original hands. Someone bought the majority.
The ideal economic system works perfect under perfect conditions. Capitalism works ok under most of conditions.
Evolution of economic systems is not a history of choosing the perfect one but elimination of these that failed.
Let me tell you what happened here some time ago.
After the government seized the means of production to people they gave each worker a share in the company.
On that same day the workers sold it or lost it, bought vodka or cigarettes for the few pennies they made. Not much was left in the original hands. Someone bought the majority.
The ideal economic system works perfect under perfect conditions. Capitalism works ok under most of conditions.
Evolution of economic systems is not a history of choosing the perfect one but elimination of these that failed.
That’s a poor implementation just like there are myriad poor implementations of capitalism
Okay but there was no good implementation of socialism so far.
except all the ones you are ignoring