#liberal #anticapitalism

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

#liberalism
#coops #cooperatives

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Cake day: July 18th, 2023

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  • Employers steal the entire fruits of your labor as well. The fruits of workers’ labor consist of the liabilities for the used-up inputs combined with the property rights to the produced output. Both of these are entirely held by the employer. This assignment violates the ethical principle that legal and de facto responsibility should match. You and your fellow workers are jointly de facto responsible for producing the product, but the employer has sole legal responsibility for it
    @lemmyshitpost













  • Capitalism is the opposite of democracy. In a capitalist firm, the managers are not accountable to the governed (i.e. workers). The employer is not a delegate of the workers. They manage the company in their own name not in the workers’ name. Managers do not have to have dictatorial control. It is entirely possible to have management be democratically accountable to the workers they govern as in a worker cooperative.

    Capitalism v. Communism is a false dilemma. There are other options.


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    5 months ago

    Capitalism is not just when the means of production are owned by individuals. For example, in an economy where all firms are democratically-controlled by the people that work in them, the means of production can be owned by individuals, but such an economy is not capitalist because exploitative property relations associated with capitalism are abolished


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    5 months ago

    Socialism is not when the government does stuff, so those institutions are not examples of socialism. Anti-capitalists are arguing for the complete abolition of exploitative capitalist property relations that violate workers’ human rights.

    This is a false dilemma. There are other alternatives to capitalism besides communism. It is entirely possible to have a non-capitalist non-communist system (e.g. an economy where every firm is democratically-controlled by the people that work in it)


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    5 months ago

    This understanding of capitalism is a misunderstanding that both Marxists and neoclassical types share. It is not capital ownership that gives the employer the right to appropriate a firm’s whole product. The employment contract is what gives them that right. Sure, capital ownership affects bargaining power, but the root cause is that contract. Abolishing the employment contract while still having individual ownership is possible (i.e. a market economy of worker coops)





  • Capitalism and markets
    Anticapitalist views became compelling to me from the analogy between the state’s governance and the governance of the firm. The contrast between the (officially) democratic nature of the state and the complete autocracy of private companies worried me. I was initially a market abolitionist when I become an anti-capitalist, but I found no sound explanation for how such an economy would work.

    Now I am a pro-market anti-capitalist, an unusual position on the left