>>95774
Your definition of socialism is vague enough to be meaningless.
>>95776
Not quite. There were grades depending on their role and injuries suffered. From articles of pirate Captain Johnson's code:
II. Every Man to be called fairly in Turn, by List, on board
of Prizes, because, (over and above their proper Share) they were on these Occasions allowed a Shift of Cloaths [then punishments for withholding loot]
Entry into the crew was free, leaving at will - not quite
IX. No Man to talk of breaking up their Way of Living,
till each shared a 1000 l. If in order to this, any Man should
lose a Limb, or become a Cripple in their Service, he was to
have 800 Dollars, out of the publick Stock, and for lesser
Hurts, proportionately.
So no free-riding, once on the crew you had to buy your way out. Part of your buy-out fund was to be returned for injuries and debilities suffered on duty, which is only fair. And finally:
X. The Captain and Quarter-Master to receive two Shares
of a Prize; the Master, Boatswain, and Gunner, one Share
and a half, and other Officers one and a Quarter [everyone
else to receive one share].
So yeah, not quite the modern corp where CEO has 20-200 times more than the common man. Much smaller crew, but also much higher profits compared to common merchant navy sailor wages, so all were kinda happy with that.
As one man can't steal or buy a ship, it became common stock for its crew.
If you entered the crew, you were 'leased' a stock share of 1000 pounds, hence you didn't receive a fixed wage like in the merchant navy, but a profit share. A lease you eventually had to buy out, with discounts for meritorious service, so to say.
There is a whole book called The Invisible Hook, where an economist deals with pirate law, customs and profit-making from a purely economical point of view, seeing as people, for example, on their own invented constitutional separation of political power more than a hundred years before the USA.
Many retired pirates choosing to settle in the Thirteen Colonies probably helped though.