Market Socialism

thank you, Genosse

There is no such thing as "market socialism", since socialism implies the abolition of market imperatives and of the social relation based upon it. What you're thinking about is effectively self-managed capitalism, which is arguably preferable to conventional capitalism in certain cases but is really just that — capitalism.

socialism = collective ownership of the means of the production
capitalism = private ownership of the means of the production

central planning = central planning
market = decentral planning

with central planning comes *single point of failure*

it's like two dimensions independent from another, like there's also capitalism with central planning (argued to have been the case in nazi germany by some economists)

in market socialism, as practiced in yugoslavia, workers DIRECTLY and 100%ly benefited from the outcome of their work (as was NOT the case in either eastern-bloc countries or (needless to say) in capitalism)

market socialism is very good suited for being able to participate in trading with countries with other economic systems.

That is correct, but also insufficient. Socialism also implies abolishing market imperatives; otherwise you've just democratized the workplace — which again can be a good thing, but certainly does not point beyond capitalism.
That is entirely wrong though. Markets are by definition not planning since they allow their own immanent imperatives to set the agenda. Decentralized planning needs not involve markets.

im a serb:

basically its exactly all the same as capitalism BUT THE WORKERS ARENT EVEN ALLOWED TO PROTEST ANYMORE
that is tito's communism, its exactly the same as capitalism BUT YOU ARE NOT ALLOWED TO PROTEST OR MAKE UNIONS BECAUSE
YOU HAVE TO MANDATORILY BELONG TO A STATE PROVIDED ONE ITS ILLEGAL TO PROTEST IN IT OR MAKE YOUR OWN

tito basically just borrowed tons of money, and planned to die of old age instead of paying any back
MASSIVE FUCKING POVERTY AND DEBT INCOMING

GOOD FUCKING JOB RETARDS IT WORKS LETS DO IT AGAIN AYY LMAO MY DUDES
and yeah senile old fucks did have a fun time with the loans but there isnt even any cold war tension for the loans to be given anymore so i dont fucking get why would anyone want it again

the argument against "socialism" (as practiced in the eastern bloc) I heard most often is, that workers had no incentive to put effort in their work because it made no difference for them (which is laughably all the more true in capitalism). in yugoslavia, when you and your collegues put more effort in and improve the way the company works you will certainly and directly have benefits from it.

also markets are good for innovation lol

lol thats not true, companies in capitalism have something very similar to 5-year-plans

thats totally untrue there were unions and there were MANY strikes, in some years 100s-1000s (and it was NOT forbidden), do some research

there was even a mass protest of students where Tito came to say like yea our system is not perfect etc, show me a similar thing in history

Post-war France under De Gaulle saw the introduction of profit-sharing schemes in major companies to incentivize worker commitment and class collaboration. That's not socialism.
The idea that markets are the only possible way to incentivize innovation is bourgeois shibboleth.

Of course they organize their production goals, but they do so in accordance with market forces. That's what Marx means when he says "anarchy of production".