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> America's a broken system. How can we fix it? it's not nearly as complicated or intractable as everyone makes it out to be. the basic problem in the system i
by metaphorm 10y ago
> America's a broken system. How can we fix it?
it's not nearly as complicated or intractable as everyone makes it out to be. the basic problem in the system is concentration of wealth at the top and wage stagnation at the middle and bottom.
the solution is progressively distributed pay raises in private sector employment, concentrating on raising the wages of those on the bottom and in the middle of the economy. this will massively stimulate demand in the economy and produce an economic growth spurt.
the reason this doesn't happen is because the ideology of shareholder capitalism is completely sociopathic and has caused business managers to behave like sociopaths in the pursuit of short term gains.
so the situation is not that we have no idea what needs to be done to fix the problem, it's that we have no idea what needs to be done to remove the deeply entrenched causes of the problem.
but honestly, a lot of these people with their broken pathological ideology, well, they gotta go. they are unfit to lead.
- jdmichal 10y agoI think the answer is employee-owned companies. This necessitates falling away from capital-driven growth machines, because introduction of capital dilutes ownership and destroys the whole concept. And then you have to figure out how to be competitive with those capital-driven growth machines, which is a real problem when sales are driven by whatever is cheapest at Walmart / Amazon.
- metaphorm 10y agoI agree with that solution. The best real world example of it is the Mondragon Corporation[0], but it's an interesting and versatile idea and I'm sure many different versions of it could be successful. I really favor this type of solution because it solves the alienation problem without throwing out the baby with the bathwater. This is a business structure that appropriately distributes the profits of labor, and I think that is the only thing that will get us out of our current predicament. The current American system of funneling profits to the 0.0001% while locking the working population into lifelong wage slavery is not sustainable and I fear for the future if things go on like this for much longer. [0] - https://en.wikipedia.org/wiki/Mondragon_Corporation https://en.wikipedia.org/wiki/Mondragon_Corporation
- WalterSear 10y ago>it's not nearly as complicated or intractable as everyone makes it out to be. the basic problem in the system is concentration of wealth at the top and wage stagnation at the middle and bottom. Complicated? No. Intractable? Definitely.