#liberal #anticapitalism

An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.

#liberalism
#coops #cooperatives

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Cake day: July 18th, 2023

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  • You’re right that wasn’t very clear.

    Capitalism is exploitative due to the employment contract not non-worker capital ownership. The employment contract is bad because it gives the employer 100% of the property right to the produced output (i.e. ownership of new cars in a car firm) and 100% of the liabilities for the used-up inputs (i.e. factory machine services) while employees get 0%. The workers don’t create the output out of nothing they use input materials @lemmyshitpost


  • The workers aren’t exploited in a worker coop. The workers jointly appropriate the positive and negative fruits of their labor. The workers don’t create the product ex nihilo they use up inputs (e.g. the services of capital). Paying lease is satisfaction of liabilities for using up capital services. Leasing out labor’s product allows workers to sell a part of the product’s services rather than sell the entire product. The employment contract gives the employer the product @lemmyshitpost


  • The point is not necessarily about profit rather about what the profit comes from namely the positive (property rights to produced outputs) and negative product (liabilities for used-up inputs), which together are the whole product. A basic tenet of justice that capitalism violates is that legal and de facto responsibility should match. In a worker coop, the workers are held jointly legally responsible for the whole product matching their de facto responsibility for producing it @lemmyshitpost


  • There is no reason why only workers should own the means of production nor why the means of production a firm uses must be owned by the workers of the same firm. Leasing out means of production to other firms is a perfectly valid way for worker coops to exchange products of labor. What is illegitimate is the employment contract as it violates inalienable rights. There are distributive justice and efficiency arguments for common ownership of capital, but that includes non-workers


  • The system is usually called economic democracy because it democratizes the economic sphere. All firms in economic democracy are required to be worker coops. As a result, voting shares are exclusively held by those that are actually working the firm. Non-voting preferred stock can be free floating property rights that can be held by outside investors. it is democratic because only the people actually governed in the firm (i.e. workers) have voting rights over management



  • Market postcapitalism with worker coops doesn’t mean the workers own the means of production. That idea of what postcapitalism looks like is Marxist baggage that needs to move into the dustbin of intellectual history. A worker coop can, for example, lease means of production from another worker coop or individual without violating the workers’ inalienable rights to workplace democracy or to get the fruits of their labor @lemmyshitpost


  • There can be investors in market-based postcapitalist society. They just can’t hold voting shares, so they hold non-voting preferred stock.

    Freedom to structure one’s own company as a worker coop doesn’t undo the systematic violations of workers’ inalienable rights in all the other capitalist firms. The only way to fix that would be turn those firms into worker coops as well


  • I am not redefining Capitalism. I am defining it the way capitalists do. Even in the idealized economic models of fully free market capitalism, capitalism is still wrong. Fully free market capitalism would still inherently violates workers’ inalienable rights.

    Depends on what is meant by a free market.

    Marx’s communism is not the only alternative to capitalism. There are market-based alternatives to capitalism as well





  • After capitalism,

    1. All firms should be democratic worker coops. The legal system would recognize the inalienable right to workers’ control.
    2. Land and natural resources should be collectively owned with revenue from private use of this collective property going out as a UBI. The atmosphere is included and any carbon fees are included.
    3. Pools of collectivized capital democratically controlled by workers in member worker coops. Each worker coop leases all its capital from the pool

  • Capitalism is the opposite of democracy. In a capitalist firm, the managers are not accountable to the governed (i.e. workers). The employer is not a delegate of the workers. They manage the company in their own name not in the workers’ name. Managers do not have to have dictatorial control. It is entirely possible to have management be democratically accountable to the workers they govern as in a worker cooperative.

    Capitalism v. Communism is a false dilemma. There are other options.


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    5 months ago

    Capitalism is not just when the means of production are owned by individuals. For example, in an economy where all firms are democratically-controlled by the people that work in them, the means of production can be owned by individuals, but such an economy is not capitalist because exploitative property relations associated with capitalism are abolished


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    5 months ago

    Socialism is not when the government does stuff, so those institutions are not examples of socialism. Anti-capitalists are arguing for the complete abolition of exploitative capitalist property relations that violate workers’ human rights.

    This is a false dilemma. There are other alternatives to capitalism besides communism. It is entirely possible to have a non-capitalist non-communist system (e.g. an economy where every firm is democratically-controlled by the people that work in it)


  • J Lou@mastodon.socialtoMemes@lemmy.mlCome on Barbie lets go Party
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    5 months ago

    This understanding of capitalism is a misunderstanding that both Marxists and neoclassical types share. It is not capital ownership that gives the employer the right to appropriate a firm’s whole product. The employment contract is what gives them that right. Sure, capital ownership affects bargaining power, but the root cause is that contract. Abolishing the employment contract while still having individual ownership is possible (i.e. a market economy of worker coops)



  • Capitalism and markets
    Anticapitalist views became compelling to me from the analogy between the state’s governance and the governance of the firm. The contrast between the (officially) democratic nature of the state and the complete autocracy of private companies worried me. I was initially a market abolitionist when I become an anti-capitalist, but I found no sound explanation for how such an economy would work.

    Now I am a pro-market anti-capitalist, an unusual position on the left