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this post was submitted on 26 Oct 2024
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It seems to me that they're hinting at abolishing capitalism.
One way to do that would be to
Mandate worker coop structure on all businesses
Institute a 100% land value tax
Taxing the rich doesn't really solve the root of the problem. Abolishing capitalism pre-distributes wealth so that people don't become billionaires in the first place. 100% land value tax encourages efficient use of land.
@whitepeopletwitter
Has that ever worked?
https://www.nceo.org/articles/employee-ownership-100
@whitepeopletwitter
This part. Having employee owned corporations doesn't abolish capitalism completely. Although, I agree that it would be awesome.
There has never been a worker-cooperative-dominated market economy, but actually existing worker coops and employee-owned corporations don't seem to create billionaires, and have more equitable distribution of wages.
Why does mandating all firms to be worker coops not abolish capitalism in your view?
@whitepeopletwitter
I would suggest looking into what capitalism is before we have that conversation.
I know what capitalism is. My analysis of capitalism comes from a mutualist perspective and is inspired by the classical laborists rather than Marx
@whitepeopletwitter
Okay, in what country has the mutualist perspective inspired by the classical laborists type of capitalism worked?
Classical laborists and mutualists were anti-capitalists. Some of whom predated Marx.
As I said, a mutualist economy or economic democracy has never existed. The modern arguments for economic democracy were first published in a book released in the 1990s. However, we have plenty of examples of worker coops and employee-owned corporations working well under capitalism. An economic democracy or mutualism differs from capitalism in that all firms are mandated to be worker coops
@whitepeopletwitter
It's been interesting speaking with you. Especially cool that you're coming from mastodon.