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A Working Definition of Socialism [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-06-28
From the NY Daily Calll of November 1, 1918, the Socialist paper of the time
“Art Young's Political Primer: What is Socialism?
It is business operated for public benefit instead of private profit.”
That sounds like a B or Benefit Corporation to me. It also was a standard to which corporations were held at the beginning of their USAmerican history when “Corporations could be formed only to undertake public projects, and could exist for just a finite period. After that, they could be rechartered only if they could show they existed for the public good.” [Source: Dreaming the Future: Reimagining Civilization in the Age of Nature by Kenny Ausubel]
Might be a useful point to bring up as the NYC mayor’s race heats up.
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