this post was submitted on 31 Jul 2023
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Socialism

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Property is only Another Name for Monopoly (mastodon.social)
submitted 1 year ago* (last edited 1 year ago) by jlou@mastodon.social to c/socialism@beehaw.org
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Property is only Another Name for Monopoly

https://academic.oup.com/jla/article/9/1/51/3572441

This article presents a new critique of capitalist private property as a form of monopoly. While I disagree with some of the authors' other views, the common ownership mechanism discussed in the article is quite interesting from an anti-authoritarian anti-capitalist perspective. I would be curious to hear the thoughts of other anti-capitalists on the mechanism described

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[–] jlou@mastodon.social 2 points 1 year ago* (last edited 1 year ago)

While this is sort of a tax, it also has elements of common ownership because it reduces the exclusion power of capital owners due to the mandated transfer. A worker coop that has the funds can take the capital and use it in production. They do not have to negotiate to buy the property. The problem with other rules is that they will have loopholes that the rich will exploit. The revenue can be used to fund a basic income. The entity that receives the revenue can be non-state.