What do you guys think about this? Would you support it?
Somalia's economic problems today are:
1: Huge wealth gap, made worse by the reality that what little of money there is, 5b GDP, is concentrated in small hands. In socialism, all work places would be made so that there are no wages. Instead, you take what you produce, since as a worker you will be a part owner of the business (socialism being at it's core making the working class the owners). This will eliminate the owner class in somalia. This concept is called the worker co-op, where people put together money, allowing for a large capital a single worker wouldn't have reached; they work the business and vote democratically on managerial decisions. At the end, you, as a worker/owner take the fruits of your labour. Say you produce $20k worth of value in somalia today. Your boss takes 15k (the surplus) and pays you a wage of 5k. You're ripped off because in reality you don't need a boss/capitalist owner. You can put together money with your fellows, start the business and work it. But also the nation, a third world one btw, with barely any realized wealth to go around, has no wealth gap. You can think of it instead of making 5k sallary, you make 20k.
2: Today the unemployment rate is too high. Well, socialism is the one economic model that has historically had the lowest unemployment rate. In fact, in most of Cuba, it was close to none.
3: Today, critical public infrastructure is for profit. Education, healthcare, food, water, shelter, etc... In socialism, market forces like profit incentives are removed and schools become free, food is affordable, housing is easy, etc... The basics for life become non-profit. Any fees charged will be to maintain.
These three economic changes would help somalia in my opinion. Back in Siyad's government, we had something similar, with barely any wealth gap, super low unemployment rate, higher satisfaction as well as the needs for a dignified life being affordable for all.
What do you think btw? Let's keep the discussion healthy.
For those who don't know, here's a video on what's socialism.
Somalia's economic problems today are:
1: Huge wealth gap, made worse by the reality that what little of money there is, 5b GDP, is concentrated in small hands. In socialism, all work places would be made so that there are no wages. Instead, you take what you produce, since as a worker you will be a part owner of the business (socialism being at it's core making the working class the owners). This will eliminate the owner class in somalia. This concept is called the worker co-op, where people put together money, allowing for a large capital a single worker wouldn't have reached; they work the business and vote democratically on managerial decisions. At the end, you, as a worker/owner take the fruits of your labour. Say you produce $20k worth of value in somalia today. Your boss takes 15k (the surplus) and pays you a wage of 5k. You're ripped off because in reality you don't need a boss/capitalist owner. You can put together money with your fellows, start the business and work it. But also the nation, a third world one btw, with barely any realized wealth to go around, has no wealth gap. You can think of it instead of making 5k sallary, you make 20k.
2: Today the unemployment rate is too high. Well, socialism is the one economic model that has historically had the lowest unemployment rate. In fact, in most of Cuba, it was close to none.
3: Today, critical public infrastructure is for profit. Education, healthcare, food, water, shelter, etc... In socialism, market forces like profit incentives are removed and schools become free, food is affordable, housing is easy, etc... The basics for life become non-profit. Any fees charged will be to maintain.
These three economic changes would help somalia in my opinion. Back in Siyad's government, we had something similar, with barely any wealth gap, super low unemployment rate, higher satisfaction as well as the needs for a dignified life being affordable for all.
What do you think btw? Let's keep the discussion healthy.
For those who don't know, here's a video on what's socialism.