Comment by y80

It's really not definable in 2 sentences, there are so many different forms this can take. In essence it's where rather than a capitalist system of a small minority directing the production based off the market, it's the workers directing the production based off of mutual cooperation across industries (note this doesn't mean no market, there are market socialist economies e.g. mutualism). That's it in very broad strokes but by no means an all encompassing definition, especially as the form this co-operation takes is left out of this discussion, and that is a very big part of it.