Many social reforms achieved as part of the movements toward socialism after 1917 proved temporary and subject to erosion or reversal.

Within actually existing socialist states there have been greater and lesser movements back toward private capitalism over the last half-century. Heilbroner, and others) had declared finally resolved in capitalism’s favor by the 1990s, turns out to have been a debate between private and state capitalism. The great debate between capitalism and socialism, the debate that so many (Francis Fukuyama, Robert L. Interestingly, the WSDE-based system would not need a patent system (nor suffer its constraint on other people’s use of new inventions), since it could provide alternative incentives for innovation just as it” Similarly, incentives would have to be established, such as tax considerations, temporarily higher personal incomes for the worker/directors in successful new WSDEs, social recognition and rewards, and so on. Workers would have to be gathered who would leave existing employments to help start and staff the new WSDE.

Funds would have to be secured (from public agencies provided with surplus allocations from existing WSDEs and/or from private sources that could include individuals and other WSDEs) when the inventors and innovators did not have sufficient funds of their own. Inventors and innovators in a WSDE-based economic system would, like their counterparts in capitalist systems, face problems to solve and incentives to realize the production of new goods or services. “shifting demand patterns that have so often provoked or worsened economic cycles and crises in capitalism.

Understanding socialism richard wolff