#liberal #anticapitalism

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

#liberalism
#coops #cooperatives

  • 7 Posts
  • 45 Comments
Joined 1 year ago
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  • The workers are factually responsible for using up the inputs to produce the output. Imputing the positive and negative product, which together make up the whole product, to the employer is a denial of that basic fact. The whole product’s value is the profit.

    It is possible to have investment in capital and getting return on investment in an economy consisting exclusively of worker coops.

    Not all anti-capitalists are communists






  • J Lou@mastodon.socialtoMemes@lemmy.ml*Permanently Deleted*
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    8 months 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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    8 months 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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    8 months 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


  • J Lou@mastodon.socialtoMemes@lemmy.ml*Permanently Deleted*
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    8 months ago

    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






  • The whole product is the legal rights to the produced outputs and the liabilities for the used-up inputs not value. The employer legally owns the outputs and is legally liable for the used-up inputs.
    FOSS can use quadratic funding. Not arguing for complete market abolition.
    The workers are de facto responsible for production. By the principle that legal and de facto responsibility should match, the workers should jointly receive the whole product of the firm. The workers can delegate in a coop


  • J Lou@mastodon.socialtoMemes@lemmy.mlCommon Marx W
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    8 months ago

    Marx thought that control rights over the firm were attached to ownership of capital rather than being logically separately acquired in the employer-employee relationship.

    “It is not because he is a leader of industry that a man is a capitalist; on the contrary, he is a leader of industry because he is a capitalist. The leadership of industry is an attribute of capital, just as in feudal times the functions of general and judge were attributes of landed property.” – Marx


  • J Lou@mastodon.socialtoMemes@lemmy.mlCommon Marx W
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    8 months ago

    Marx made mistakes though. For example, he assumed that the right of appropriating the whole product of a firm and control rights to direct the workers in the firm were attached to the ownership of capital. In reality, capital can be rented out just as labor can be hired. It is really the employer-employee contract that is at the core of capitalist appropriation. Ownership of capital just increases bargaining power to get favorable contract terms such as the employer contractual role