u/Annual_Necessary_196

Do you support it?

I find an interesting party. They oppose the current neoliberal order and promote progress, as well as the restoration of some elements of the old welfare system. I want to ask both sides: do you support this points? Which one is good, which is bad, and what would you change to improve it?

21 point of the party (Translated into English).

  1. Unification of citizens on the basis of the right of self-determination of peoples.
  2. Equality of rights for all peoples in relation to other nations.
  3. Provision of land and territory for the sustenance of our people.
  4. The government shall be charged first with providing opportunities for livelihood and a way of life for all citizens.
  5. All citizens must have equal rights and obligations.
  6. The first obligation of every citizen must be physical work. Individual activity must not counteract the interests of the community, but must operate within the framework of the whole for the benefit of all. Consequently, we demand:
  7. Abolition of unearned income (income not derived from work or labor). Ending rent-based exploitation.
  8. Elimination of all war profits (including profits made by companies benefiting from war in our region).
  9. Nationalization of all formerly associated industries (trusts).
  10. Distribution of profits from all heavy industries.
  11. Expansion of old-age welfare on a large scale.
  12. Creation and preservation of a healthy middle class; immediate communal ownership of large warehouses and their leasing at low cost to small businesses; maximum consideration of small businesses in contracts with the state, county, or municipality.
  13. Land reform, including laws permitting the expropriation of land for public utility; abolition of land taxes; and prevention of land speculation.
  14. Firm action against those whose activities are harmful to the general interest. Common criminals, usurers, and similar offenders are to be punished with imprisonment without leniency.
  15. Replacement of civil law with a common law oriented toward the collective interest rather than a materialistic world order.
  16. The government shall be responsible for a fundamental reconstruction of the education system, enabling every capable and industrious person to obtain higher education and subsequently enter leading positions. Educational programs in all institutions must conform to the experiences of practical life. The concept of the state must be introduced in schools from an early stage of understanding. The education of intellectually gifted children from poor families shall be funded by the state, regardless of their position or profession.
  17. The state shall promote national health by protecting mothers and children, outlawing child labor, encouraging physical fitness and strongly supporting organizations involved in the physical development of youth.
  18. Abolition of mercenary troops and formation of a national army.
  19. Legal measures against disinformation, terrorism, and their dissemination through social media.
  20. Freedom of religion for all religious denominations within the state.
  21. For the execution of all of the above, we demand the formation of a strong central authority in society, with the central parliament holding authority over the entire country and its organizations. The establishment of state and professional chambers shall ensure the implementation of national laws across the various regions of the confederation.
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u/Annual_Necessary_196 — 7 days ago

How Singapore shows feasibility of market socialism.

Recently, a capitalist posted on this subreddit about Singapore, and I want to discuss this point.

Singapore cannot really be called state socialist because there is no comprehensive state planning. However, many of its reforms could be considered market socialist in nature.

Talking about specific laws and policies:

Tax deferral (QEEBR): Employees can defer income tax on gains from qualified share options, reducing cash flow pressure when exercising options.

Corporate tax deductions: Companies can claim tax deductions on ESOP-related expenses.

Budget 2025 enhancement: From YA 2026, holding companies issuing new shares under EEBR plans can also claim tax deductions.

Historical ERIS incentives: Earlier schemes provided major tax exemptions on equity gains, especially for start-ups, showing long-term support for employee ownership.

Exemption from shareholder limits: Employees receiving shares under ESOPs are excluded from the 50-shareholder cap for private companies.

Financial assistance exception: Companies are allowed to provide financial assistance for employee share plans despite general restrictions.

Prospectus exemptions: Employee share offers are often exempt from full MAS prospectus requirements if certain conditions are met.

Treasury Share Usage: The Act (Section 76H) allows companies to repurchase their own shares and hold them as "treasury shares" to fulfill ESOP obligations.

The overall effect is a major expansion of employee ownership in Singapore.

There are dozens of studies showing the benefits of cooperative ownership of the means of production:

https://drive.google.com/file/d/1FXbK8OXw3JRv3p9qMQrN6IkrLMNkgQ6t/view?usp=drive_link
https://drive.google.com/file/d/1OwRRcqrRlJ4I5wCiT7rCQcZOGsMYKYBG/view?usp=drive_link
https://drive.google.com/file/d/1y37ltEoYxaWr7zCmOQ_fbiM8fm-XyfnB/view?usp=drive_link

These actions align directly with a materialist point of view. As capital expands and concentrates, the rate of return on capital tends to decline. One of the best ways to reduce negative effects such as excessive savings, insufficient demand, underinvestment in knowledge and labor, economic myopia, economic rents, and principal-agent problems is to expand employee stock ownership and worker-owned firms within the economy.

This can provide superior X-efficiency, allocative efficiency, and Keynesian efficiency, thereby stimulating long-term prosperous growth.

https://drive.google.com/file/d/1hlvs0GTtNKxtWP3YLqMJWzazzGlWj4iR/view?usp=drive_link

So, from your point of view, is Singapore’s path toward market socialism feasible? Why or why not?

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u/Annual_Necessary_196 — 11 days ago