this post was submitted on 11 Sep 2023
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Capitalism is great for handling things that are relatively unimportant. So you don't want it for medical, education, infrastructure (including utilities), etc. Its fine for things like fashion or the various things might have around the house. Even then it must be highly regulated.
Taxing rich people to pay for good paying jobs in healthcare, education, and utility/infrastructure maintenance would help everyone.
Economies need to be a cycle. If the rich just hoard and don’t spend then we can’t spend either.
So if they won’t pay a liveable wage, tax them heavily and start paying liveable wages with the money.
Definately. One problem with money is it has no inherent value. It only has value when it is utilized. So hoarding essentially removes money from the economy. Its like potential and kinetic energy.
I think worker cooperatives could handle those things better. It sounds like you're just looking at the outcomes for consumers, not workers.