#liberal #anticapitalism

An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.

#liberalism
#coops #cooperatives

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Cake day: July 18th, 2023

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  • Capitalism is a system of property relations and labor relations. It is conceivable to not have those property relations and labor relations in a firm. However, a corporation doesn’t do that as the employer solely appropriates the entire positive and negative result of production i.e. the property rights to the produced outputs and liabilities for the used-up inputs. In a worker coop, the workers jointly appropriate the fruits of their labor. Capitalist property relations aren’t present @memes




  • It treats persons like things by not holding them responsible for the results of their actions.

    That principle would mean that workers should jointly own the produced outputs and jointly owe the liabilities for the used-up inputs as in a worker cooperative.

    An intuition pump for the tenet would be situations where the law doesn’t fail to apply the principle. Consider an employer and employee committing a crime together.

    Consent doesn’t transfer responsibility.

    @memes


  • J Lou@mastodon.socialtomemes@lemmy.worldGhosted restaurants
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    5 months ago

    Capitalism doesn’t qualify as free market activity then. Capitalism inherently involves treating persons as things. In the firm, the workers are jointly de facto responsible (DFR) for production, but the employer gets sole legal responsibility for the positive and negative results of production. This violates the principle of legal and de facto responsibility matching. DFR isn’t de facto transferred, but legal responsibility is. Morally, this is an institutional fraud
    @memes





  • If you look at property rights, the contrast is even stronger. The employer owns 100% of the property rights to the produced outputs and owes 100% of the liabilities for the used-up inputs. Meanwhile, workers qua employee receive 0% of both. This is despite their joint de facto responsibility for producing those results violating the basic principle of justice.

    We need to move towards a copyfarleft model that considers the rights of both software users and developers unlike copyleft




  • Capitalism is the opposite of democracy. In a capitalist firm, the managers are not accountable to the governed (i.e. workers). The employer is not a delegate of the workers. They manage the company in their own name not in the workers’ name. Managers do not have to have dictatorial control. It is entirely possible to have management be democratically accountable to the workers they govern as in a worker cooperative.

    Capitalism v. Communism is a false dilemma. There are other options.


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    10 months ago

    Capitalism is not just when the means of production are owned by individuals. For example, in an economy where all firms are democratically-controlled by the people that work in them, the means of production can be owned by individuals, but such an economy is not capitalist because exploitative property relations associated with capitalism are abolished


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    10 months ago

    Socialism is not when the government does stuff, so those institutions are not examples of socialism. Anti-capitalists are arguing for the complete abolition of exploitative capitalist property relations that violate workers’ human rights.

    This is a false dilemma. There are other alternatives to capitalism besides communism. It is entirely possible to have a non-capitalist non-communist system (e.g. an economy where every firm is democratically-controlled by the people that work in it)


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    10 months ago

    This understanding of capitalism is a misunderstanding that both Marxists and neoclassical types share. It is not capital ownership that gives the employer the right to appropriate a firm’s whole product. The employment contract is what gives them that right. Sure, capital ownership affects bargaining power, but the root cause is that contract. Abolishing the employment contract while still having individual ownership is possible (i.e. a market economy of worker coops)



  • J Lou@mastodon.socialtoMemes@lemmy.ml*Permanently Deleted*
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    1 year ago

    LVT taxing the empty lot next door at the same rate as a multimillion dollar hotel is exactly what makes it so efficiency enhancing because it give land owners economic incentives to use their land productively rather than just holding it and waiting for it to appreciate in value. With LVT, prices would exclude the value of the land.

    LVT can be combined with other policies and taxes. You have to look at the whole package of policies to determine progressivity. LVT+UBI is progressive


  • J Lou@mastodon.socialtoMemes@lemmy.ml*Permanently Deleted*
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    1 year ago

    It meets the definition of a progressive tax.

    The broader Georgist program involves aggressive taxation of government-granted monopolies like IP, which both Musk and Bezos are indirectly beneficiaries of.

    LVT is 1 policy meant to solve 1 problem. It can be combined with other policies that address other problems.

    The labor theory of property, a negative application of which provides a moral rationale for LVT, also provides a justification for an inalienable right to worker democracy


  • J Lou@mastodon.socialtoMemes@lemmy.ml*Permanently Deleted*
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    1 year ago

    Land value tax is progressive. Due to land’s inelastic supply, this tax cannot be passed on to others. People that own lots of land bear the entire burden of the tax. Charging for unimproved land value encourages building denser on more valuable land. This increases housing supply thus making housing more affordable

    LVT is 1 policy. It can be combined with other policies. LVT is not an avoidable tax


  • Private ownership of labor implies the ability to alienate and transfer it for present or future benefits. Such a procedure is not possible because labor is de facto non-transferable. People can have private ownership over the products of labor, but they cannot own their labor because labor is inalienably theirs