“…Laissez-faire and welfare-state capitalism allow very large inequalities in the ownership of real property (productive assets and natural resources) and thus tolerate that few wealthy people control the economy and, with it, much of political life (Rawls, 2001, p. 137-138); while state socialism with a command economy disrespects legitimate differences among individuals. As Piketty (2014, 19 For example, property-owning democracy (O'Neill and Williamson, 2012;Thomas, 2017), liberal market socialism (Schweickar, 1993;Ellerman, 2016), pluralist commonwealth (Alperovitz, 2005), participatory economics (Hahnel, 2005), liberal democratic socialism (Edmundson, 2017), market democracy (Tomasi, 2012), social democracy (von Platz, 2020), participatory socialism (Piketty, 2020), and workplace democracy (Neuhäuser, 2021).…”