General Discussion

There is nothing in the definition that concludes, be it by Marx or anyone else, government ownership or effective control of the factors of production implies a command economy. I can go to my home library right now and pull up several economic textbooks that all state the same thing, communism is a command economy. Not socialism. Socialism is often refereed to be a mix of communism and capitalism. That being direct government involvement in natural monopolies, industries that have a national concern, etc. But at the end of the day, it doesn't exercise full control, it intervenes during for the public good.

In fact, market socialism requires free market systems. You can have planned economies in socialism (of which I'm not a fan of), but that has never been attempted....nor is there a viable blue print to accomplish it.

Again, you want to call it well regulated capitalism or liberalized communism...or whatever, its your choice.