Among the fears which some people have of socialism has been the assumption that the development of Socialism represents a threat to individual liberty as it concerns the economic sphere of life. It is assumed that in a socialist society it will not be possible to choose one’s own career, to develop one’s own innovative enterprise, to develop one’s self as an artist. It is equally assumed that economic life would suffer from a lack of innovation along with a decrease in social net productivity.
But leaving out the question of productivity for now.
Is is possible for a largely socialized economy to allow for the real social benefits of entrepreneurial activity and the development of individually managed enterprises.?
What do you Think?