Wednesday, March 26, 2014

Surviving capitalism

One old idea seems to be some sort of co-operatives. Shaila Dewan writes in NY Times (via Ramarao Kanneganti) Who needs a boss? "The oft-proposed remedy for this state of affairs is redistribution — namely, taxing the rich to benefit the poor. Piketty, in fact, proposes a global tax, one that can’t be avoided by private jet. Others want to raise the minimum wage. In contrast to those Band-Aids, worker co-ops require no politically unpalatable dictates. And by placing workers’ needs ahead of profits, they address the root cause of economic disparity. “If you don’t want inequality,” says Richard Wolff, the author of “Democracy at Work: A Cure for Capitalism,” “don’t distribute income unequally in the first place.”"
See also The rise of anti-capitalism by Jeremy Rifkin

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