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[-] jlou@mastodon.social 3 points 2 months ago* (last edited 2 months ago)

There are ideologies that believe control rights over firms belong to the workers in those firms. In these ideologies, the control rights can't be given up or transferred even with consent from the workers in the firm i.e. are inalienable. Neoliberalism specifically endorses the alienability control rights over firms. The non-democratic nature of the firm under neoliberal capitalism creates a class used to democratically unaccountable power

[-] jlou@mastodon.social 6 points 2 months ago* (last edited 2 months ago)

What do you mean by work in the statement, "Capitalism can work?"

EDIT: Just to be clear, I am asking what normative criteria you are using to assess the system. There is no non-moral objective notion of a system working without some ethical goal in mind

[-] jlou@mastodon.social 1 points 2 months ago

Capitalism's defining institutions are

  1. The employer-employee contract
  2. Private ownership of the means of production
  3. Private property in land

The alternative to capitalism I propose, Georgist economic democracy, abolishes 1 and 3. 2 continues formally but there is widespread collective ownership of the means of production. Markets continue to exist to help coordinate production and allocate resources. Many defenders of capitalism incorrectly conflate capitalism with markets @general

[-] jlou@mastodon.social 1 points 2 months ago

What do you mean by capitalism? @general

[-] jlou@mastodon.social 1 points 2 months ago

Whether there is a power imbalance between customer and provider is dependent on how competitive the market is. When providers have market power, consumers can form associations to collectively bargain down providers' prices.

Is there an enshittification example without IP?
Enshittification usually happens with monopolistic firms not competitive markets.

What would you replace markets with specifically?

Quadratic funding lets public goods be free. I can't see how it's extractive @memes

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submitted 2 months ago by jlou@mastodon.social to c/leftism@lemmy.world

"Economic Democracy: arguments from the US" for workers' self-management and against the employer-employee contract

Economic democracy is a philosophy that shows that all workers have an inalienable right to workplace democracy/workers' self-management/worker coops. The employer-employee contract violates that right even if employment is fully voluntary. An inalienable right is a right that can't be given up or transferred even with consent

https://youtu.be/E8mq9va5_ZE?t=566

@leftism

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submitted 2 months ago by jlou@mastodon.social to c/solarpunk

Capitalist Markets Aren’t “Free.” They’re Planned for Profit.

Neoliberalism was never about shrinking the state to unfetter markets and enhance human freedom. In her new book, Vulture Capitalism, Grace Blakeley argues that neoliberalism has always sought to wield state power to maximize profits for the rich.

https://jacobin.com/2024/03/neoliberalism-markets-planning-vulture-capitalism/

@solarpunk

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submitted 2 months ago by jlou@mastodon.social to c/socialism@beehaw.org

Collective Action Problems are Not a Capitalist Plot: On the Non-Triviality of Going from Individual to Collective Rationality

https://wedontagree.net/collective-action-problems-are-not-a-capitalist-plot

@socialism

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submitted 2 months ago by jlou@mastodon.social to c/vegan

Directly Valuing Animal Welfare in (Environmental) Economics

https://hal.science/hal-02929260/document

"Research in economics is anthropocentric. It only cares about the welfare of humans, and usually does not concern itself with animals. When it does, ... animals only have instrumental value for humans. Yet unlike water, trees or vegetables, and like humans, most animals have a brain and a nervous system. They can feel pain and pleasure, and many argue that their welfare should matter."

@vegan

[-] jlou@mastodon.social 1 points 2 months ago

The only way incentives based on outcome work is when people produce directly for their own use. For cases where people produce for others, the profit motive helps coordinate people to produce. Power imbalances can be avoided by collectivizing means of production across multiple coops.

Enshittification requires IP monopolies. Economic democracy shouldn't have IP monopolies. Instead, it should secure software freedom. Digital public goods should be funded through quadratic funding @memes

[-] jlou@mastodon.social 1 points 2 months ago

Why is the profit motive terrible in your view? What should we replace the profit motive with?

What is the benefit to pro-market anti-capitalists to challenging that particular preconceived notion? It creates an unnecessary roadblock when pro-market anti-capitalists can just describe themselves as radically democratic liberals, who want to extend democracy into the workplace @memes

[-] jlou@mastodon.social 1 points 2 months ago

I want to convince leftists that there is no benefit to pro-market anti-capitalists referring to themselves as socialist. It is an unnecessary association that only comes with downsides @memes

[-] jlou@mastodon.social 1 points 2 months ago

It was a good question. I am limited in response length because I am on Mastodon.

In terms of social dynamics of a stateless society, The Possibility of Cooperation by the game theorist Michael Taylor uses game theory to argue against the Hobbesian case for the state. Radical Markets by E. Glen Weyl covers how to do common ownership with minimal administration @memes

[-] jlou@mastodon.social 0 points 2 months ago

I know how leftists define it, but when communicating with non-leftists, it doesn't help in understanding the economic democracy position.

  1. Central planning with no markets whatsoever is extremely inefficient
  2. The existing proposals for central planning are authoritarian and don't allocate resources properly to new projects.

The strongest critique of a system is that the ideology used to justify it, after mapping out its logical implications, is actually opposed to it @memes

[-] jlou@mastodon.social 1 points 2 months ago

When people think of socialism they think of central planning in an authoritarian government, this has nothing to do with economic democracy and is its opposite.

I prefer the term economic democracy for the system I advocate.

It's not just optics. The arguments for economic democracy are based on the liberal theory of inalienable rights. These arguments demonstrate that capitalism is illiberal and violates liberal principles @memes

[-] jlou@mastodon.social 2 points 2 months ago

In an economy of worker coops, there is democratic control, but it is decentralized in nature @memes

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submitted 2 months ago by jlou@mastodon.social to c/politics@beehaw.org

Take it from a former banker: the budget is for ordinary people. The mega-rich look on and laugh - Gary Stevenson

https://www.theguardian.com/commentisfree/2024/mar/05/banker-budget-mega-rich-traders-jeremy-hunt

@politics

0
submitted 2 months ago by jlou@mastodon.social to c/general@lemmy.world

The case for liberal anti-capitalism in the 21st century

https://aeon.co/essays/the-case-for-liberal-socialism-in-the-21st-century

The most powerful critiques of capitalism are actually liberal critiques in that they appeal to the liberal principles that defenders of capitalism invoke, but show that capitalism does not in fact satisfy them even in the ideal case.

@general

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submitted 2 months ago* (last edited 2 months ago) by jlou@mastodon.social to c/leftism@lemmy.world

"Zoë Hitzig | What is quadratic funding?" - A democratic mechanism that a postcapitalist society could use to allocate resources to public goods, so they're available to each according to need

https://youtu.be/xwY0UAk14Rk

Quadratic funding is an allocation mechanism that allocates more resources to projects that are more popular than projects that are supported by well-resourced concentrated few. It has the potential to solve problems in campaign finance, journalism and FOSS

@leftism

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How capitalism violates the most boring and obvious principle of justice and treats people like things - "Inalienable Rights: Part I The Basic Argument"

https://www.ellerman.org/inalienable-rights-part-i-the-basic-argument/

Capitalism violates the principle that legal and de facto responsibility should match in the employer-employee contract.

@aboringdystopia

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submitted 2 months ago by jlou@mastodon.social to c/anarchism@lemmy.ml

Collective Action Problems are Not a Capitalist Plot: On the Non-Triviality of Going from Individual to Collective Rationality

https://wedontagree.net/collective-action-problems-are-not-a-capitalist-plot

@anarchism

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submitted 2 months ago by jlou@mastodon.social to c/socialism@beehaw.org

Vague "Anti-Capitalism" is Capitalist

https://youtu.be/-1ZK2-viyAo

Anti-capitalists need to move beyond vague anti-capitalism by criticizing specific institutions such as the employer-employee relationship and private ownership of land. Anti-capitalists should also mention clear specific alternatives such as worker coops, land value tax and land collectivization

@socialism

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submitted 2 months ago by jlou@mastodon.social to c/humanities@beehaw.org

"Inalienable Rights: Part I The Basic Argument" Against the Employer-Employee Contract and for Workplace Democracy

https://www.ellerman.org/inalienable-rights-part-i-the-basic-argument/

@humanities

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jlou

joined 10 months ago