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All of these systems involve humans and humans are susceptible to corruption via power/money. Corruption exists in all of these models, right? Anyone discussi
by mattbrewsbytes 4y ago
All of these systems involve humans and humans are susceptible to corruption via power/money. Corruption exists in all of these models, right? Anyone discussing this grew up in one of them and will have biases of some kind so I don't know that there can be constructive dialogue. All of these models also produce billionaires right: oligarchs, tech ceo's, old school business people, oil tycoons from middle eastern countries, etc. What is the point of having as many billionaires as we (humans) have?
If we constrain the problem down to say startups/businesses (especially on this site) I think (I'm biased and/or ignorant) there really isn't a startup movement elsewhere on the planet like there is in capitalist US. One could argue that the startup boom has many downsides though (data privacy, wage imbalances, societal problems, etc.) and brings about new people that are corrupted/corruptible or at the very least strongly influence laws that benefit their companies well being. Growth and profits at all costs within (or without) regulation.
The only model I've read about that sounds like it has potential to avoid some of these downsides is workers cooperatives [0] instead of corporations. From the little I've read it sounds like same organizational structure but worker owned/managed and there are limits so there aren't things like excessive CEO pay. I heard about this concept watching some professor talk about it and he did mention this really isn't taught in business schools. I really think its an interesting concept for how a company could work.
An interesting bit about taxes, the corporate tax rates in the US were at their highest just after WWII when we had high growth rates. [1] Its counter-intuitive.
> The economy grew at an annual average rate of 3.9 percent between 1950 and 1960, when the statutory corporate tax rate was over 50 percent. Between 2000 and 2010, the statutory corporate tax rate was 35 percent (over 15 percentage points lower than the rate in the 1950s), and annual economic growth averaged 1.8 percent (less than half of the growth rate in the 1950s)
[0] https://en.wikipedia.org/wiki/Worker_cooperative https://en.wikipedia.org/wiki/Worker_cooperative
[1] https://www.epi.org/publication/ib364-corporate-tax-rates-and-economic-growth/ https://www.epi.org/publication/ib364-corporate-tax-rates-an...