Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Socialism vs Social Democracy Debate w/ Peter Coffin" video.

I think how you get to a socialist economy that is functional is via a libertarian socialism coupled with social democracy that does impose community or consumer ownership of utilities and banking, that allows the sole proprietorship to continue, but which through tax policy, regulation, incentives and a change in the corporate law converts capitalist corporations to worker and consumer or hybrid cooperatives. This would mean that LLCs and business corporations would be outlawed as a business entity, but cooperative corporations and sole proprietorships or partnerships with UNLIMITED LIABILITY would continue. This would be a market economy and it would have social democracy with public schools and universities. It would also have universal healthcare coverage, but delivered by doctor, nurse and other medical professional owned cooperatives and consumer owned cooperative hospitals. I think that Cuba is attempting to transition from the state capitalism of its previous period to this kind of worker owned open market cooperative economy today from what I understand. In America, I think this would require a period of enhanced social democracy. With a lot of local efforts to build up cooperative businesses along the lines f the Cleveland model and a lot of focus on building publicly owned state banks and a drive to build out more consumer owned credit unions as well before a serious effort at converting the economy could begin in earnest. It would probably take half a century or more to set up the transition period.
1