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In a socialist America, with socialism as it is understood today in countries such as Denmark, Sweden, Canada or New Zealand, of course you can run a small business, a middle-sized business and a huge business.
Good socialists can be entrepreneurs within modern social democracies, so long as they extol high taxes.
How do socialist businesses start?
A socialist economic system would consist of an organization of production to directly satisfy economic demands and human needs, so that goods and services would be produced directly for use instead of for private profit driven by the accumulation of capital.
Will socialism take your business away from you?
Thus, for most small business owners, even if they did get their start by “scrimping and saving,” it is capitalism, not socialism, that will take their businesses away.
Socialism necessarily means abolishing the private ownership of all means of social production and distribution. However, this will not mean ruin and destitution for small business owners. On the contrary, they will become workers in a society in which all workers would be entitled to work, and to receive the full social value of what they produce.
Yes. Basically most of Europe operates under a democratic socialist system and while not as profitable as under a pure Democratic system they still can be profitable and successful. Scale your marketing with automations. Automate your marketing with Customer Journey builder so you can focus on growing your business.
How can workers become their own boss?
The only realistic way that workers today can truly become “their own boss,” in terms of determining the policies that govern a workplace or industry, is by organizing as a class to establish a socialist society, in which all the people will own, and collectively and democratically control, all the means of production and distribution.