Would socialism work in modern day Britain? In terms of economy and jobs.
Depends on what you mean by the word 'socialism'... nowadays the word is used to mean so many different things that it has become basically useless.
I would advocate many policys you might regard as 'socialist' and would be happy to debate them but I find it difficult to debate on behalf of socialism as a whole because of its undefined nature.
You live in a pretty socialist country...
For one, just think about how much of your income goes to tax and how much to social security.
Of course production is not collectively controlled but I would have thought people use communism to describe something like that, rather than socialism. I don't know, these terms are confusing in how people use them.
What do you mean by socialism then?
"Would socialism work in modern day Britain? In terms of economy and jobs."
The word is so relative that it has little meaning. Asking this question would be like asking if capitalism would work in modern day Britain. Britain is socialist the same way that it is capitalist: i.e. as if it was neither or both.
Countries that exist today don't operate on such simplistic binaries, the best economies on the planet operate on a mixture of both capitalist and socialist principles.
Mutant hybrids > everyone.
Britain is by no reasonable definition, anywhere near a socialist state.
The word Socialism is not relative, it is absolute, workers MUST control the means of production in order for a state to be described as socialist, that is clearly not the case.
You could argue exactly what defines workers control of production, as far as I am concerned the State =/= the People so something comparable to Stalisnism is not actually Socialism, it is State Capitalism.
You kill competition and innovation, you get over powered trade unions, you get inefficient pricing passed down from supply & production to the consumer. Capitalism creates substantial wealth but yes it leaves others behind, making some extremely rich and others poor. Socialism creates little wealth and redistributes what is deemed excess wealth making everyone equally poor. To directly answer your question, considering 80% of our economy is built on services, no. Never.
We're not an industrial country. There is no need for a socialist economy. Socialism would work best in a developing country that produces a lot. That being said the principles of socialism and concepts within can give us prosperity, boost our economy and boost our standard of living such as a better welfare state, better access and quality to education, housing and healthcare, government intervention before market crashes, regulations on banks, and also large public sector investment and possibly ownership can all be good things. But a socialist built economy, no. A capitalist economy incorporating principles of socialism can and has worked for us and would be the best way forward for moden Britain.
It would create a civil war, beause overthrowing the bourgeois won't be as easy.
Reading what people say about socialism:
Capitalism = Good for economic output, terrible for equality
Socialism = Terrible for economic output, good for equality
ps that is why I assumed we live in a socialist society, because as I said with taxes and social security contributions, there is a lot being done to address the second point I made above (equality).