Gregory's Server#Capitalism is the sin against humanity! All of its manifestations are just turbulance.
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12 comments
@waldenecovillage @zak I understand. But socialism isn't workable, except maybe like the Nordic economics which won't work in the United States. @Cirdan @waldenecovillage @zak There are other alternatives to #capitalism such as #EconomicDemocracy where all firms are structured as worker #coops but markets are preserved. It is not possible to protect workers' rights and have wage labor @jlou @waldenecovillage @zak The alternative I propose is Labor Capitalism, i.e., property is owned by a shareholderless corporation and ALL of the net profits are used to augment employees wages and social security. @Cirdan @waldenecovillage @zak In this alternative, who has control rights over the corporation that is the firm that workers work in? @jlou @waldenecovillage @zak It's a nonprofit corporation that has no members, only employees. No dividends or property distribution. Corporation is self governing. @Cirdan @waldenecovillage @zak So like a #WorkplaceDemocracy. Why not call it a worker coop then? @jlou @Cirdan @waldenecovillage This was a weird direction for this post to go in. @jlou @waldenecovillage @zak Because coops by their very nature vest property ownership in individuals which is at the heart of property accumulation in capitalism. @jlou @waldenecovillage @zak Don't know if I answered this earlier but the corporation uses a special hierarchy where managers at each level are strip of hiring/firing, compensation and property use authority. Those powers are reserved by a committee of workers who are guided by experts, not in house management. |
@waldenecovillage @zak The problem with #capitalism is 1) it accumulates wealth in the few and 2) does not protect the workers. We can diffuse accumulation and give workers a healthy wage and more social security. No I'm not advocating socialism, but Marx would applaud my ideas.