Sort of political economy in a single lesson by Seth Ackerman The Red and Black “ What is needed is a structure that allows autonomous firms to produce and trade goods for the market, aiming to generate a surplus of output over input — while keeping those firms public and preventing their surplus from being appropriated by a narrow class of capitalists. Under this type of system, workers can assume any degree of control they like over the management of their firms, and any “profits” can be socialized— that is, they can truly function as a signal, rather than as a motive force. But the precondition of such a system is the socialization of the means of production — structured in a way that preserves the existence of a capital market. How can all this be done?
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The lesson here is that the transformation to a different system does not have to be catastrophic. Of course, the situation I’m describing would be a revolutionary one — but it wouldn’t have to involve the total collapse of the old society and the Promethean conjuring of something entirely unrecognizable in its place.“
Can this sort of thing be accomplished without bureaucracy by some sort of block chain mechanism?
The Light on the Hill: A Reply to Seth Ackerman by John Quiggin. Some more can be found google search.
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The lesson here is that the transformation to a different system does not have to be catastrophic. Of course, the situation I’m describing would be a revolutionary one — but it wouldn’t have to involve the total collapse of the old society and the Promethean conjuring of something entirely unrecognizable in its place.“
Can this sort of thing be accomplished without bureaucracy by some sort of block chain mechanism?
The Light on the Hill: A Reply to Seth Ackerman by John Quiggin. Some more can be found google search.
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