this post was submitted on 07 Oct 2023
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Depends on what to call "socialism." In my opinion, socialism has nothing to do with planned economy or government in general; it's mode of production in which means of production owned by workers, who work using this means. It means that you can have socialist company in a capitalist state. It can be, for example, cooperative of workers (In Spain there is corporation Mondragon, it is federation of workers cooperatives). Or in Huawei there are "virtual share" which is given to every employee, so they technically own part of their company.
In modern Burkina-Faso there is interesting initiative, it's something called "Communal Entreprenership." Popular shareholding or something like that.
Agency for the Promotion of Communal Entrepenership (APCE) is doing this and they already building tomato processing plants in Bobo Diolasso, 60000 people is funding this project. Sounds pretty socialist to me
But of course I can't ignore that historically state capitalism with big government interference in the economy is called by everybody "socialism." Have nothing to say against it, state capitalism is obviously better for the people than unregulated market capitalism. In my opinion, any state can take this route, no revolution required (revolution is establishment of a different sistem, in this case it's the same sistem - capitalism - but more state in it, up to the planned economy)
In short: Yes, Burkina-Faso will (like any country on Earth eventually)
Thanks for the info, but I totally disagree coops are not socialism and socialism cannot exist within capitalism because that is not a dictatorship of the proletariat.