There is a third option, which Prof Wolff calls “21st century socialism”, which is to force all companies to be worker-owned cooperatives. Kind of a best-of-both-worlds, since I think leaving everything up to the state (mass centralization of decision making power) will inevitably lead to corruption, and leaving power in the hands of the owner class will also inevitably lead to corruption.
There is a third option, which Prof Wolff calls “21st century socialism”, which is to force all companies to be worker-owned cooperatives. Kind of a best-of-both-worlds, since I think leaving everything up to the state (mass centralization of decision making power) will inevitably lead to corruption, and leaving power in the hands of the owner class will also inevitably lead to corruption.