Reminds of Varoufakis proposal which is way more radical tl;dr: —————— To imagine what transcending capitalism might mean in practice requires rethinking the

Reminds of Varoufakis proposal which is way more radical tl;dr: —————— To imagine what transcending capitalism might mean in practice requires rethinking the ownership of corporations. Imagine that shares resemble electoral votes, which can be neither bought nor sold. Like students who receive a library card upon registration, new staff receive a single share granting a single vote to be cast in all-shareholder ballots deciding every matter of the corporation — from management and planning issues to the distribution of net revenues and bonuses. Suddenly, the profit-wage distinction makes no sense and corporations are cut down to size, so boosting market competition. When a baby is born, the central bank automatically grants them a trust fund (or personal capital account) that is periodically topped up with a universal basic dividend. When the child becomes a teenager, the central bank throws in a free checking account. Workers move freely from company to company, carrying with them their trust-fund capital, which they may lend to the company they work in or to others. Because there are no equities to turbocharge with massive fictitious capital, finance becomes delightfully boring — and stable. States drop all personal and sales taxes, instead taxing only corporate revenues, land, and activities detrimental to the commons. ————— Excerpt from https://www.irishexaminer.com/opinion/commentanalysis/arid-30972828.html https://www.irishexaminer.com/opinion/commentanalysis/arid-3...