Social Market Economy
may be a familiar term or concept but the other concept might be new.
As I perceive it, both concepts have very similar economic components
but there is one significant difference. What is it? Social Market Economy will continue to link the distribution of
distributable output significantly to the ownership of means of
production. On the contrary “Social Market Socialism”
will separate the distribution of distributable output significantly
from the ownership of means of production. This difference is not just
theoretical; instead it has very far reaching practical impact. The
impact is related to the efficiency of the economy. Let us discuss this
matter further.Read more>>>
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