#liberal #anticapitalism

An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.

#liberalism
#coops #cooperatives

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  • 111 Comments
Joined 2 years ago
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Cake day: July 18th, 2023

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  • The idea is to mandate worker coop structure on all firms.

    It’s not that telling. Without a worker coop mandate, there are collective action problems and market failures. It’s harder for all the workers to cooperate to form a worker coop than an employer to hire up all the workers.

    No society has a full worker coop mandate because the modern arguments for it were published in the 90s. Some countries do mandate some worker board representation and codetermination though
    @canada





  • Capitalism is indefensible from a libertarian perspective. A central libertarian tenet is that legal and de facto responsibility should match. However, the capitalist employer-employee contract inherently involves a violation of this tenet. The employer gets 100% of the legal responsibility for the positive and negative results of the enterprise. Despite workers’ joint de facto responsibility for using up inputs to produce outputs, workers as employees get 0%

    @canada



  • Econ 101 is designed to obfuscate the real issues. Even talking about specific wealth distribution ratios is falling for the misframing of the issues that Econ 101 wants to lead people into with the pie metaphor. In the capitalist firm, the employer holds 100% of the property rights for the produced outputs and liabilities for the used-up inputs while workers qua employees get 0% of that. The entire division of the pie metaphor in Econ 101 is based around hiding this fact

    @196


  • Who defines permitted contracts in a free market? Some right libertarians suggest that “free” markets include the “freedom” to sell labor by the lifetime or sell voting rights in the state.

    “The comparable question about an individual is whether a free system will allow him to sell himself into slavery. I believe that it would.” – Robert Nozick

    The theory that invalidates such contracts is the theory of inalienable rights. It has recently been shown to apply to capitalist employment

    @memes