Oddbean new post about | logout
 @00b07ccb I think you're correct with the market. I don't have a problem with capital accumulation per se, but I have a different approach. It's called "labor capitalism" that I think is worthy of investigation. Labor capitalism is organized as a not-for-profit corporation with no members or shareholders, but the corporation accumulates wealth in the form on profits. Those profits are used to pay better wages and benefit to its employees. 
 @00b07ccb I think if you take the Fortune 1000 corporations and, instead of paying dividends, you could pay, annually, $50,000 in benefits to each and every employee. The corporation is run basically by a board of directors that are essentially guilds. The idea is to benefit the workers, stop individuals from accumulating capital, and having resources left over to spread labor capitalism. 
 @00b07ccb Capital is always going to accumulate and necessarily so in a world economy. That the only way labor capitalism can compete against traditional capitalism.