I don't have any problem with a market economy, per se, but I do have a BIG problem with capitalism.
In my preferred version of state socialism, there is no accumulation of capital, and thus no capitalism. All large industries and large-scale services are socialized, owned by the people and managed by the state (or by worker cooperatives, where practical).
In my version of a market economy, people can own and run small companies, hire employees, set prices, make a profit... that's all fine. But they can't buy their competitors and either take them over or put them out of business. They can't open franchises, where they sell (or rent) the right to operate a different company with the same name. They're not allowed to buy their suppliers and create a conglomerate. They aren't permitted to grow so large that the market no longer operates fairly. And every business owner's wealth will be capped with a highly progressive tax structure (which is the price of using the commons to turn a profit).
So, the marketplace as such is not the problem. The problem is capitalism.
... show moreI don't have any problem with a market economy, per se, but I do have a BIG problem with capitalism.
In my preferred version of state socialism, there is no accumulation of capital, and thus no capitalism. All large industries and large-scale services are socialized, owned by the people and managed by the state (or by worker cooperatives, where practical).
In my version of a market economy, people can own and run small companies, hire employees, set prices, make a profit... that's all fine. But they can't buy their competitors and either take them over or put them out of business. They can't open franchises, where they sell (or rent) the right to operate a different company with the same name. They're not allowed to buy their suppliers and create a conglomerate. They aren't permitted to grow so large that the market no longer operates fairly. And every business owner's wealth will be capped with a highly progressive tax structure (which is the price of using the commons to turn a profit).
So, the marketplace as such is not the problem. The problem is capitalism.
#Capitalism #Socialism #Economics #Politics
MiKlo:~/citizen4.eu$💙💛
•Simon Green
•Bread and Circuses
•MiKlo:~/citizen4.eu$💙💛
•Innovation and who creates it is one thing.
But we (for at least one other person besides me) here are writing about a different problem:
"How very complex technical products, e.g. microprocessors/chips, which require extremely complicated and expensive production processes, can be produced by some small company, which in addition (as the author postulates) will certainly not grow to dominate the market."
I have nothing against all these anti-capitalist postulates but just expect a serious discussion of how we can move from one system to another with such concrete examples.