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Furthermore, it can surely be argued that if the workers own the means of production (a core aspect of socialism) then they will be more incentivised than an employee who merely earns a wage.
Socialism can be argued to pass the incentive from the top to the bottom. Coco makes a solid point... employees lack the profit incentive, their main incentive is fear of losing their job, which is a negative incentive. How do you give them more incentive? By either giving them performance related bonuses, or by giving them a financial stake in the business.
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