Let’s now turn our attention to the second weasel word in “stakeholder capitalism.” If you are confused about whether national socialism (a.k.a Nazism) is indeed a form of socialism, you should read more.
Socialism means the abolition of private ownership of the means of production in favor of mythical “collective ownership,” but the brutal reality is that it is a system of forceful centralized control.
In the same vein, “for fascism the state is absolute, individuals and corporations [are] relative” said Mussolini. Either way, the holders of centralized power, by controlling production, control your life. They become the solitary “stakeholder” in all decisions involving material resources.
As Ludwig von Mises showed, without real private ownership there is no buying and selling and therefore no market price system, so the planners have no way of knowing what people value. They are flying blind, creating chaos in place of economic coordination. For his scathing but inescapable insights Mises had the honor of being intellectual enemy number one of both the Nazis and the Soviets."
Oh really...public ownership is under democratic control...the accusation that it is fascist can only be made if the democratic process is subverted...by (for instance), allowing the market to be dominant over the social realm (those who proselytise against society are undoubtedly totalitarian in nature -Keith-). I notice there is no mention of democratic process. "What people value" monetarily is not the prime concern of those in favour of (true -democratic-), public ownership, rather the health of society, community and the individual are of prime concern (as expressed by the phrase "public happiness"),..to claim other-wise is dangerous neo-liberal propaganda..The author does not accuse socialism of perverting public ownership instead they conflates public ownership with state control therefore denying the possibility of a mixed economy, Schumachians* reject this characterisation...."von Mises" (whose work I don't know), sounds like a real idiot to me. Where do they dig-these people up from feudal England?