A World Without Capitalism and Tradable Shares?

[georgephillip]

If tradable shares as enshrined in corporate law "weaponized" capitalism, is it time to revisit the scene of the crime?

Opinion | A world without capitalism is not too hard to envision

"Confronting rentier capitalism and fashioning firms for which social responsibility is more than a marketing ploy requires nothing less than re-writing corporate law.

"To recognize the scale of the undertaking, it helps to return to the moment in history when tradable shares weaponized capitalism, and to ask ourselves: Are we ready to correct that 'error'?

"The moment occurred on 24 September 1599. In a timbered building off Moorgate Fields, not far from where Shakespeare was struggling to complete Hamlet, a new type of company was founded. Its ownership of the new firm, called the East India Company, was sliced into tiny pieces to be bought and sold freely...."

"To imagine what transcending capitalism might mean in practice requires rethinking the ownership of corporations.

"Imagine that shares resemble electoral votes, which can be neither bought nor sold."

Imagine that.

 

[Toddsterpatriot]

It worked in the Soviet Union, eh comrade?

 

[Brain357]

Dumb.

 

[georgephillip]

It worked in the Soviet Union, eh comrade?

Socialism worked well enough in the Soviet Union to win WWII and put the first human being into space.

Are you disappointed?

 

[georgephillip]

Dumb.

Monopolies are dumb.

Opinion | A world without capitalism is not too hard to envision

"Imagine that shares resemble electoral votes, which can be neither bought nor sold.

"Like students who receive a library card upon registration, new staff receive a single share granting a single vote to be cast in all-shareholder ballots deciding every matter of the corporation, from management and planning issues to the distribution of net revenues and bonuses.

"Suddenly, the profit-wage distinction makes no sense and corporations are cut down to size, boosting market competition."

 

[JackOfNoTrades]

The Star Trek scenario. Where your basic needs (shelter, food, transportation, medical care) are provided. There is no monetary system. You work for the betterment and advancement of the species and for your own personal knowledge and deed based goals. Sure, I can see it happening....in maybe in thirty or fourty years when we've blown the shit out of the system we have now. It ain't gonna happen in my lifetime. Honestly, why do we keep rolling this stuff over? Our economic system has been a mix of capitalism and socialism for almost a century now. Wanting to fix the ACA, wanting to provide better infrastructure, wanting to provide an equitable tax system, making education more affordable. These can be accomplished within our present system without throwing all the bullshit "ism" and "ist" terms around.

 

[Brain357]

It worked in the Soviet Union, eh comrade?

Socialism worked well enough in the Soviet Union to win WWII

Are you disappointed?

They had a bit of help...

 

[Brain357]

Dumb.

Monopolies are dumb.

Opinion | A world without capitalism is not too hard to envision

"Imagine that shares resemble electoral votes, which can be neither bought nor sold.

"Like students who receive a library card upon registration, new staff receive a single share granting a single vote to be cast in all-shareholder ballots deciding every matter of the corporation, from management and planning issues to the distribution of net revenues and bonuses.

"Suddenly, the profit-wage distinction makes no sense and corporations are cut down to size, boosting market competition."

Monopolies are not good capitalism. What we need is good capitalism. We have cronyism currently.

 

[night_son]

If tradable shares as enshrined in corporate law "weaponized" capitalism, is it time to revisit the scene of the crime?

Opinion | A world without capitalism is not too hard to envision

"Confronting rentier capitalism and fashioning firms for which social responsibility is more than a marketing ploy requires nothing less than re-writing corporate law.

"To recognize the scale of the undertaking, it helps to return to the moment in history when tradable shares weaponized capitalism, and to ask ourselves: Are we ready to correct that 'error'?

"The moment occurred on 24 September 1599. In a timbered building off Moorgate Fields, not far from where Shakespeare was struggling to complete Hamlet, a new type of company was founded. Its ownership of the new firm, called the East India Company, was sliced into tiny pieces to be bought and sold freely...."

"To imagine what transcending capitalism might mean in practice requires rethinking the ownership of corporations.

"Imagine that shares resemble electoral votes, which can be neither bought nor sold."

Imagine that.

You are headbutting your own face in the mirror again. Please stop. As if a mountain of one hundred and twenty million human skulls wasn't enough to convince them trying that particular political ideology (again) was a pretty bad idea . . .

 

[georgephillip]

The Star Trek scenario. Where your basic needs (shelter, food, transportation, medical care) are provided. There is no monetary system. You work for the betterment and advancement of the species and for your own personal knowledge and deed based goals. Sure, I can see it happening....in maybe in thirty or fourty years when we've blown the shit out of the system we have now. It ain't gonna happen in my lifetime. Honestly, why do we keep rolling this stuff over? Our economic system has been a mix of capitalism and socialism for almost a century now. Wanting to fix the ACA, wanting to provide better infrastructure, wanting to provide an equitable tax system, making education more affordable. These can be accomplished within our present system without throwing all the bullshit "ism" and "ist" terms around.

Does this sound possible in your lifetime?

Opinion | A world without capitalism is not too hard to envision

"When a baby is born, the central bank automatically grants her or him a trust fund (or personal capital account) that is periodically topped up with a universal basic dividend.

"When the child becomes a teenager, the central bank throws in a free checking account.

"Workers move freely from company to company, carrying with them their trust-fund capital, which they may lend to the company they work in or to others.

"Because there are no equities to turbocharge with massive fictitious capital, finance becomes delightfully boring—and stable.

"States drop all personal and sales taxes, instead taxing only corporate revenues, land, and activities detrimental to the commons."

 

[LordBrownTrout]

The allure of the one world government is just that...an allure, that will destroy mankind. There is nothing peaceful that will occur in the new world govt although the deception and delusion among millions will be a profound sight to behold among the destruction and carnage.

 

[georgephillip]

They had a bit of help...

True. The US supplied a great deal of material support to its USSR allies during World War Two. I believe it is also true Soviets fought about 190 Nazi divisions in Russia compared to about ten or twelve German divisions in Europe.

 

[Brain357]

They had a bit of help...

True. The US supplied a great deal of material support to its USSR allies during World War Two. I believe it is also true Soviets fought about 190 Nazi divisions in Russia compared to about ten or twelve German divisions in Europe.

I'm quite sure Germany would have rolled over Russia if they weren't fighting Europe and the USA also.

 

[Mikeoxenormous]

If tradable shares as enshrined in corporate law "weaponized" capitalism, is it time to revisit the scene of the crime?

Opinion | A world without capitalism is not too hard to envision

"Confronting rentier capitalism and fashioning firms for which social responsibility is more than a marketing ploy requires nothing less than re-writing corporate law.

"To recognize the scale of the undertaking, it helps to return to the moment in history when tradable shares weaponized capitalism, and to ask ourselves: Are we ready to correct that 'error'?

"The moment occurred on 24 September 1599. In a timbered building off Moorgate Fields, not far from where Shakespeare was struggling to complete Hamlet, a new type of company was founded. Its ownership of the new firm, called the East India Company, was sliced into tiny pieces to be bought and sold freely...."

"To imagine what transcending capitalism might mean in practice requires rethinking the ownership of corporations.

"Imagine that shares resemble electoral votes, which can be neither bought nor sold."

Imagine that.

If socialism is so great, why does it fail over and over and over? Yes, there is income inequality where those that work hard, and create their own business, can make more money in a capitalist nation, which then others who just want to work, provide for their family and be left alone, is the middle class, and the lazy ass progs who sit on their ass all day and bitch and moan about capitalism, is the failure of humanity. Get off your ass, create something like Progressive Jeff Bezos(Amazon) and you too can be richer than you ever dreamed of. Sitting in your basement smoking dope, and typing on a keyboard, just doesnt make it..

 

[Asclepias]

Humans wouldn't exist today if early humans had used capitalism instead of socialism

 

[Toddsterpatriot]

Socialism worked well enough in the Soviet Union to win WWII

Yeah, it was all down hill after 1945.

 

[georgephillip]

Monopolies are not good capitalism. What we need is good capitalism. We have cronyism currently.

Some would argue the purpose of capitalism is monopoly:

Opinion | A world without capitalism is not too hard to envision

"Then, toward the end of the 19th century, as the first networked mega-companies—including Edison, General Electric, and Bell—were formed, the genie released by marketable shares went a step further.

"Because neither banks nor investors had enough money to plough into the networked mega-firms, the mega-bank emerged in the form of a global cartel of banks and shadowy funds, each with its own shareholders

"Unprecedented new debt was thus created to transfer value to the present, in the hope of profiting sufficiently to repay the future.

"Mega-finance, mega-equity, mega-pension funds, and mega-financial crises were the logical outcome.

"The crashes of 1929 and 2008, the unstoppable rise of Big Tech, and all the other ingredients of today’s discontent with capitalism, became inescapable."

 

[Brain357]

Monopolies are not good capitalism. What we need is good capitalism. We have cronyism currently.

Some would argue the purpose of capitalism is monopoly:

Opinion | A world without capitalism is not too hard to envision

"Then, toward the end of the 19th century, as the first networked mega-companies—including Edison, General Electric, and Bell—were formed, the genie released by marketable shares went a step further.

"Because neither banks nor investors had enough money to plough into the networked mega-firms, the mega-bank emerged in the form of a global cartel of banks and shadowy funds, each with its own shareholders

"Unprecedented new debt was thus created to transfer value to the present, in the hope of profiting sufficiently to repay the future.

"Mega-finance, mega-equity, mega-pension funds, and mega-financial crises were the logical outcome.

"The crashes of 1929 and 2008, the unstoppable rise of Big Tech, and all the other ingredients of today’s discontent with capitalism, became inescapable."

Nobody who understands capitalism would argue that. We get monopoly because it's too easy to buy our politicians. We need campaign finance reform. None of this is the fault of capitalism.

 

[ThunderKiss1965]

It worked in the Soviet Union, eh comrade?

Socialism worked well enough in the Soviet Union to win WWII and put the first human being into space.

Are you disappointed?

And only 27 million dead during WWII and millions more during the purges and manufactured famines. Socialism is great ain't it .

 

[JustAGuy1]

They had a bit of help...

True. The US supplied a great deal of material support to its USSR allies during World War Two. I believe it is also true Soviets fought about 190 Nazi divisions in Russia compared to about ten or twelve German divisions in Europe.

LOL. You think the Soviets beat Hitler?