Private Profiteering is no virtue .....and what else is mankiw trying to protectb

If mankiw urges Free range corporate pricing and wage setting as the best practical long run state policy Why Surely he recognizes the next stop on the road to socialism isn't inevitably Weimar Or the Soviet union Why is he shielding oligop outfits What is the social miracle contained in firm level exploitation of primary producers Imagine a system with just one class Employees No capitalist rentiers Like no landlords Yes we'd still face the question of optimal compensation patterns for the various employed Yes nothing prevents a system like ours now where the executive suite gangs Haul out huge hunks of firm level infra marginal value added But Once the state is dedicated To socializing a socially optimum share of surplus value nothing suggests compensation Structure can't be Employee Congress determined