Who are the capitalists in this economy? Everyone?
That’s how capitalism should work, in its best and purest form. Everyone starts with an equal playing field and competes for profits. The competition promotes advancements in science and efficiency that make life better for everyone.
Obviously this is an unattainable ideal, but it’s something to strive for.
That would be a significant departure from its original meaning. Capitalism was about economic ownership by capitalists—the class of people at the top of the economic hierarchy, who are wealthy enough to start their own businesses or buy shares from others and earn money without working. On the other hand, socialism is ownership or control of the economy by workers. Worker coops definitely could be considered a form of socialism, albeit it is probably the one that is most similar to capitalism since it still involves markets. So if you want to call worker coops capitalist then it would be both capitalist and socialist at the same time which is rather confusing to me.
But I mean words change, I think it’s a bit confusing to call this capitalism but maybe it would be more politically viable if we called it that. Lots of people are afraid of socialism because of the USSR and their atrocities.
Capitalism was about economic ownership by capitalists—the class of people at the top of the economic hierarchy, who are wealthy enough to start their own businesses or buy shares from others and earn money without working
I think that’s only true because in early capitalism, only the existing wealthy were able to participate in the system. That’s still the case to a large degree, but it’s not an intrinsic feature of capitalism. It was just an incidental aspect of capitalism in the world as it existed.
True capitalists believe that the more competition, the better. Giving ordinary workers a higher stake in their company promotes a much broader level of competition. I think it’s totally fair to describe worker co-ops in terms of capitalism, and as you said it would really help the branding.
Yea meritocratic society would be cool. But also getting there would be a shit show. I think we should hold it as an ideal to achieve but also accept that things don’t need to be always be fair.
Shore up public education federally and give good evidence how private education is against meritocratic society and therefore against what capitalism should be. Every kid should have access to resources and standard education up until they are old enough to compete based on their own merit. And then it’s a rat race.
That’s how capitalism should work, in its best and purest form. Everyone starts with an equal playing field and competes for profits. The competition promotes advancements in science and efficiency that make life better for everyone.
Obviously this is an unattainable ideal, but it’s something to strive for.
That would be a significant departure from its original meaning. Capitalism was about economic ownership by capitalists—the class of people at the top of the economic hierarchy, who are wealthy enough to start their own businesses or buy shares from others and earn money without working. On the other hand, socialism is ownership or control of the economy by workers. Worker coops definitely could be considered a form of socialism, albeit it is probably the one that is most similar to capitalism since it still involves markets. So if you want to call worker coops capitalist then it would be both capitalist and socialist at the same time which is rather confusing to me.
But I mean words change, I think it’s a bit confusing to call this capitalism but maybe it would be more politically viable if we called it that. Lots of people are afraid of socialism because of the USSR and their atrocities.
I think that’s only true because in early capitalism, only the existing wealthy were able to participate in the system. That’s still the case to a large degree, but it’s not an intrinsic feature of capitalism. It was just an incidental aspect of capitalism in the world as it existed.
True capitalists believe that the more competition, the better. Giving ordinary workers a higher stake in their company promotes a much broader level of competition. I think it’s totally fair to describe worker co-ops in terms of capitalism, and as you said it would really help the branding.
Yea meritocratic society would be cool. But also getting there would be a shit show. I think we should hold it as an ideal to achieve but also accept that things don’t need to be always be fair.
Shore up public education federally and give good evidence how private education is against meritocratic society and therefore against what capitalism should be. Every kid should have access to resources and standard education up until they are old enough to compete based on their own merit. And then it’s a rat race.