Syndicalism is a naive and impractical proposal for the economic organization of society whereby the workers of each plant, company or economic unit would jointly and equally own and operate the organization for which they work. It supposes the elimination of entrepreneurs and the expropriation of investments so that all "unearned income," i.e., interest and profits, would be equally divided among the workers of each economic unit. Under syndicalism, the incomes of workers doing similar work would vary greatly, depending largely on the wide variation in both the efficiency and the capital invested in the unit by which they were employed.
Syndicalism is also used in the sense of action directe wherein it is considered not as a final objective but rather as a means for bringing about socialism.
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-23.