[Rhodes22-list] Reply to Bill Effros - political in essence

[Robert Skinner]

Well done, Ed!
/Robert

Tootle wrote:
> 
> Bill:
>         It would benefit you and everyone who you associate with if you took
> several elementary courses in economics, business organizations and
> political science.
> 
>         A mutual company be it insurance, power, or whatever is owned by the
> members.  That means that the equity is owned by the members as if they were
> stockholders.  It is essentially owned by individuals, people directly.
> 
>         A socialist organization is a governmental or political entity which usurps
> the ownership or equity.  Wherein, those espousing medical insurance for all
> controlled by the government are taking a socialist stance.  Socialism is
> essentially a bureaucratic control rather than a direct people control.
> Socialism says that the people own something collectively, but that
> ownership is controlled by the government thru a bureaucracy.
> 
>         A mutually owned company competes with privately owned entities in a market
> place.  Whereas,  a socialist organization seeks to control the market.