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Neil of Longbeck
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Comments by "Neil of Longbeck" (@neiloflongbeck5705) on "TIKhistory" channel.
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You'll have to clean up after it.
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State socialism does not equate to a society of producers. State socialism means the government owns all the means of production. Whereas a society of producers has no single meaning, ranging from 100% capitalistic through to 100% state owned. And don't send back your normal response saying that a company owned by members of the public is a state owned company when anyone who understands these things knok you don't understand it. Private corporations are not part of the state.
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The public sector is everything owned by the government or state. The private sector is everything else. A sole trader is a business owner by an individual, whilst a company us one owned by more than one person. A private company is one where the shares are owned by one or more persons and not traded publicly (ie they can only be sold to the other share holders and that new shareholders can only join with the permission of the other shareholders). A public company us any company whose shares are publicly traded on the open, market. Then there are cooperatives which are owned by the members and anyone can buy into them. This is do simple even a child can understand it in less than 10 minutes.
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Me I start at 1705 each day....
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