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There would be the same private property as there is now but the ownership and the wealth from it would be more widely distributed among the general population. We would still have the same government services that we have now. From the outside, a market socialist economic plan would not look very different at all from what we have now or that of western Europe, Canada, and other 1st world countries.
Socialism is purely an economic idea. You can have a democratic constitutional government such as we have or you could have an authorization dictatorial government or anything in between.
The fact that the mass employees own the means of production means that businesses are privately owned by a group of owners/workers than by a single owner or a group of shareholders that are managed by a CEO and board of directors.
You are not making any sense. Nothing in our current capitalist system prevents a bunch of people from starting a business together. The idea of employees owning a business is just nonsense. If they OWN the business, they are OWNERS.
When a business owner sells shares of his company, then the shareholders become the owners. The shareholders can be employees, or not.
The whole idea of worker-owned businesses is sheer nonsense. It's playing with words. Calling someone a "worker" because at some point they were hired as an employee. But as soon as they become an actual owner and decision maker, they are NOT a mere employee anymore!
And there are many other problems with the concept. Does the person who joined the cooperative yesterday have the same level of power and control as the original members? Do the low-skill workers have the same power and control as the high-level experts?
And what about sales and marketing? How do workers deal with things they might know nothing about? The guy who makes the pizza dough is supposed to know how to get customers to buy the pizza?
None of it has been thought out. Yes there are a small number of small worker-owned cooperatives. But this idea is in no way a solution to our problems or any kind of improvement.
Let's say you get a great idea for a product and figure out how to manufacture it and sell it. And you hire workers. And then 10 years later, the workers decide they want to own your company and be in charge. And they have the same compensation and decision-making power as you.