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Kontiki
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Canada
Aug 2001 time: 00:20
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quote: Originally posted by Spiffor
You're wrong.
Your company/commune can very well decide to use a part of the profits for further investment, instead of redistributing all profit to the workers (similar to the way the company decides whether re-investing the profit or distributing it to the shareholders in current system).
I'm also favourable to a banking system where you can put your savings, and have a modest real interest out of it.
Finally, you can create your personal company with your savings, if you wish. However, once you have fellow workers in the company, you'll be equal to them in terms of power at the "board of directors". |
Hmmm....let's see if I'm understanding now:
Implicit in the ability to decide to reinvest profits is the ability to decide not to, or some mix of the two. So, a successful company/commune can indeed make it's workers quite wealthy. Which is what I said in the first place.
Your banking system is interesting - is it just a half-way step like Che proposes? Because otherwise it seems like capitalism personified - making money solely off of lending (investing) capital.
And are all companies required to be partnerships? I can't see why anyone would be the only person to risk their savings when every other person working in the company has an equal say in how those savings are used.
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Kontiki
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Canada
Aug 2001 time: 00:20
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quote: Originally posted by chegitz guevara
Remember that Spiffy and I don't agree on everything. I'd consider it a half-step. |
Which is probably why I asked him.
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Spiffor
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CPA - Evil Clone brigade
Nov 2001 time: 06:20
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quote: Originally posted by Kontiki
Your banking system is interesting - is it just a half-way step like Che proposes? Because otherwise it seems like capitalism personified - making money solely off of lending (investing) capital. |
It is capitalist, and I include interest for practical reasons. No matter what your economic system is, you need a supply of money if you want to invest in a productive fashion.
However, I consider the banking system as a utility, which should be a State monopoly. As such, the modest interest rate should bring only a little extra, unless you're exceptionally wealthy.
And since I'm all for a strong inheritance tax, there will be only a few people who'll amass such fabulous wealth in their lifetime. The few Bill Gates may live off interest, but it's a price I#m willing to pay if it means there is a steady source of capital for further productive investment.
quote: And are all companies required to be partnerships? I can't see why anyone would be the only person to risk their savings when every other person working in the company has an equal say in how those savings are used. |
Me neither, which is the main reason why I favour a public banking system where it's actually interesting to save in. I think most new companies will start out as an individual venture, or as a small venture of several associates (like in today's world), and they're likely not to want to invest their own capital, but instead to have the company borrow at the State bank (unless the partners plan of remaining the only workers at their venture).
The State bank would provide cheap loans to companies that need capital (whether they be new or old), based on business models. The State bank, like all utilities, will not be in direct control of its workers, but of the State. Steps would be taken to avoid a single banker/bureaucrat from sealing the fate of a company.
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