[Miner49er]

> Individual companies being owned by their employees isn't socialism.

Actually, yes, this is the literal definition of socialism. It's workers owning the means of production.

[sofixa]

Not individual companies, but at the wider scale. Socialism is an economic system, not the specific act of one group of employees owning where they work.

In the same way that China having private companies doesn't make it capitalistic.