this post was submitted on 12 Mar 2024
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How about capitalism with the appropriate government controls? Break up monopolies and all anti-competitive practices. Use regulations to actually punish violators (and not with some small fraction of profits gained from that violation). Increasing tax rates for the super wealthy with the right tax shelter penetrating laws.
Sprinkle in some appropriate social policies and safety nets.
Capitalism inherently violates a basic tenet of justice. For example, consider a bus vehicle company, the employer owns 100% of the produced buses and owes 100% of liabilities for used-up inputs. The employer is solely legally responsible for the whole result of production. Workers are jointly de facto responsible for using up inputs to produce buses. The basic tenet of justice is that legal and de facto responsibility should match. There is clearly a mismatch here in capitalism @memes
Wait, so you're saying the bus drivers should be responsible for maintenance of the bus they drive, and own it, and the company should just take a cut? So, uber but for busses?
I was describing a company to produce buses i.e. the actual vehicle. Not for driving buses. The alternative to what I describe as the problem with capitalism is to structure all firms as worker cooperatives. In a worker cooperative, the basic tenet of justice is satisfied i.e. legal and de facto responsibility match @memes
Like southwest airlines?
No. Sole proprietorships are not Socialist. A more accurate outlook would be a given city's bus drivers all sharing ownership of the busses, along with the other workers at the bus driving firm like the maintenance employees and coordinators. That industry itself would be collectively owned by the Workers, not at an individual level.
The distinction would be rather than a dictatorial Capitalist owning the firm, the Workers would share ownership of the firm equally.