We Should Own the Economy
elysian.press
We Should Own the Economy
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Re: We Should Own the Economy
#2[dead]
Re: We Should Own the Economy
#3Capital (as in "money", not the means of production) is, boiled down, a means of social compulsion. I can compel a person to make me a sandwich with $10, and should they refuse very many times, they will be put into a position of jeopardy, with less access to food, shelter, medical services, hygiene, etc. In our culture, capital is like a whip to a horse and buggy.
Putting more capital into more people's pockets is like putting more whips into more people's hands. It does not address the root cause of the problem.
Re: We Should Own the Economy
#4Capital (as in "money", not the means of production) is, boiled down, a means of social compulsion. I can compel a person to make me a sandwich with $10, and should they refuse very many times, they will be put into a position of jeopardy, with less access to food, shelter, medical services, hygiene, etc. In our culture, capital is like a whip to a horse and buggy. Putting more capital into more people's pockets is l…
this is not intuitive to me. In your description, it feels like capital more closely resembles carrots then whips?
also, the person's only source of wages isn't going to be specifically making sandwiches for just you, no?
Re: We Should Own the Economy
#5Capital (as in "money", not the means of production) is, boiled down, a means of social compulsion. I can compel a person to make me a sandwich with $10, and should they refuse very many times, they will be put into a position of jeopardy, with less access to food, shelter, medical services, hygiene, etc. In our culture, capital is like a whip to a horse and buggy. Putting more capital into more people's pockets is l…
this is not intuitive to me. In your description, it feels like capital more closely resembles carrots then whips? also, the person's only source of wages isn't going to be specifically making sandwiches for just you, no?
Many obligations are dominated in local currency, as such, we must acquire local currency to discharge those obligations.
To a certain extent, being able to rent a flat that someone else has built is a carrot -- a luxury -- but to a certain extent, anti-vagrancy laws mean that there are whips -- consequences -- that I may incur but not having a flat. Social norms are constructed, but they are still real.
Re: We Should Own the Economy
#6Capital (as in "money", not the means of production) is, boiled down, a means of social compulsion. I can compel a person to make me a sandwich with $10, and should they refuse very many times, they will be put into a position of jeopardy, with less access to food, shelter, medical services, hygiene, etc. In our culture, capital is like a whip to a horse and buggy. Putting more capital into more people's pockets is l…
this is not intuitive to me. In your description, it feels like capital more closely resembles carrots then whips? also, the person's only source of wages isn't going to be specifically making sandwiches for just you, no?
Whip is a means of signaling and carrot has utility of it's own. That's an important distinction.
Re: We Should Own the Economy
#7A very cool project. Incentive alignment is hard to do well, and doing it both equitably and equally is even harder.
Re: We Should Own the Economy
#8Oh, the actual communism is cool again? What is happening in US, for real?
Re: We Should Own the Economy
#9[deleted]
Re: We Should Own the Economy
#10Oh, the actual communism is cool again? What is happening in US, for real?
I don't want to be the one, but did you actually read the article? Author is talking about "vision for the future of capitalism", "create an elevated vision for capitalism", and "project about creating more owners", so if anything it's like neo-capitalism or something, nowhere near communism if you have proper understanding of the concept.