this post was submitted on 12 Mar 2024
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fruit of the poisoned cloaca (slrpnk.net)
submitted 8 months ago by [email protected] to c/[email protected]
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[–] [email protected] 18 points 8 months ago (36 children)

I'm not pro-capitalism but I'm curious what flavor of replacement you would choose.

[–] [email protected] 4 points 8 months ago* (last edited 8 months ago) (8 children)

I prefer Georgist economic democracy.

  1. All firms are structured as worker coops
  2. Land and natural resources are collectively owned with revenue derive from common ownership going out as a UBI
  3. Common pools of capital collectivized across multiple worker coops through a system of venture communes.
  4. Public goods and mutual aid institutions funded through some variant of quadratic funding

@memes

[–] [email protected] 1 points 8 months ago (1 children)

@jlou Can you expand on number 3? Distributing resources and/or capital for investment is the part of economic democracy for which I've never quite seen a good solution.

I've read Schweickart, Dahl, Olin Wright and Hahnel and none of their proposed systems are that great IMHO.

@memes

[–] [email protected] 1 points 8 months ago

Based on ideas of Dmytri Kleiner and Glen Weyl. The commune's members lease all their capital from the commune. This is structured for minimal administration from the commune. Each member coop self-assesses a price for their capital. They pay a recurring fee on that price. The member is required to transfer the capital to anyone that pays the self-assessed price. With the right percentage, the incentives to over-assess and under-assess cancel out. The fee can be used to invest in coops @memes

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