Listen to the anarcho-syndacalists like Chomsky, which demand that companies be owned by workers in that company. There are many proposals for this, but here is an off the cuff one I just came up with:
Every company with more than 100 workers, must have 80% of its ownership by those same workers. The difference between the ownership stake of the top worker and the bottom worker must be no more than a 5x.
You introduce land value taxes and demurrage currency with a citizen's dividend and enjoy your higher standard of living.
But people are so obsessed with capitalism and the socialists so obsessed with a non functioning solution that nothing gets done.
Before you ask why these two policies end capitalism, you must understand that in capitalism there is a profit expectation that is completely independent of market conditions, if you "believe" in markets this permanent profit expectation is irrational but because money and land are effectively monopolies they allow coercive extraction of economic rents and any real business must compete and pay even higher returns just to be allowed to function. As capitalism progresses and growth stops people put more money into extractive monopolies which then paradoxically despite all the wealth makes people poorer rather than richer. This is why capitalism requires the axiom of permanent scarcity as it means people have unfilled needs and would rather spend their money on consumption than monopolies, something that is only true for the poorest in the economy, middle class citizens spend most of their income on a mortgage aka on land which is a monopoly.
yucky|3 years ago
How exactly does that work?
abdullahkhalids|3 years ago
Every company with more than 100 workers, must have 80% of its ownership by those same workers. The difference between the ownership stake of the top worker and the bottom worker must be no more than a 5x.
wincy|3 years ago
imtringued|3 years ago
But people are so obsessed with capitalism and the socialists so obsessed with a non functioning solution that nothing gets done.
Before you ask why these two policies end capitalism, you must understand that in capitalism there is a profit expectation that is completely independent of market conditions, if you "believe" in markets this permanent profit expectation is irrational but because money and land are effectively monopolies they allow coercive extraction of economic rents and any real business must compete and pay even higher returns just to be allowed to function. As capitalism progresses and growth stops people put more money into extractive monopolies which then paradoxically despite all the wealth makes people poorer rather than richer. This is why capitalism requires the axiom of permanent scarcity as it means people have unfilled needs and would rather spend their money on consumption than monopolies, something that is only true for the poorest in the economy, middle class citizens spend most of their income on a mortgage aka on land which is a monopoly.