There must be a way to blend the two elements. Unrestricted capitalism isn't desirable and neither is total state control of every aspect of production from raw materials to selling the final product.
What I would envision would be state control of the raw product and private control of selling finished goods. Use the leverage of the government to get raw materials in cheap quantity, sell the refined materials to businesses, then let the businesses make a profit by competing on price and service.
Think about it. We have a system now where the oil companies get their materials dirt cheap with the leverage of using the U.S. military to secure their supplies. So, Big Oil makes a killing while the taxpayer foots the bill for securing the oil. If I'm paying taxes to finance the military then I want to cut out the big oil companies all together. That would immediately take hundreds of billions of dollars and put them back in the pockets of the consumer (the customer) of the government (which is, after all, supposed to be subservient to the people and not the other way around).
There must be a way to figure out a form of democratic state ownership of national resources without it being totalitarian, corrupt, or excessive as capitalism allows.



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