"No it is not great stuff, it is nonsense. For one thing, he said we have been socialist since the New Deal. You know that isn't true. Our economy is capitalist with some socialist programs.
When people take the risks and make the sacrifices needed to start a business, they deserve some reward if it becomes successful. People will not make those efforts if the "people" are going to grab what they created.
Open source software is not an example of socialism. Anyone who contributes to an open source project is trying to build a reputation. It is not pure altruism, unless they are rich and don't need to make a living.
Shared capitalism is a stupid idea that only the sheltered brain of an academic could dream up. It is obviously as much in conflict with reality as Marxism.
Employees cannot own the business that hired them. If you want to own a business, you raise capital and take risks.
If people want to get together and form a cooperative business, they have every right. But they will not have the 40 hour weeks and reliable paycheck of an employee.
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paine replies
socialization of production
look it up
it isn't about nationalization its about
break up of the isolated units of social production
read about the arnott stigiltz theorem
to get a toy insight into this on going
unintentional de facto acro optimization process
"People will not make those efforts if the "people" are going to grab what they created"
who necessarily sez that's socialization
perhaps we just change the social means
and source
used to provision adequate
" innovative incentive "
red up on tournments and prize systems
luvguv said in reply to paine...
paine, it would be nice if you could get in touch with reality. "Primary producers???" You mean the workers, who do what their bosses tell them? Why are they primary, and not the people who invented and developed the products, who found a market for the products, who figured out how to mass produce them?
Are you kidding yourself or what
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paine said in reply to luvguv...
you write like the typical gosplan survivor
cast iron reactionary forged under
soviet kamp frankenstein conditions
there is more in heaven and earth
then just what undigested post 89
conventional wisdom has wrought up in your brain horatio-ski
-------------
we formulators of a gosplan II
might surprise you
...............
the labor
of those keen socially precious spirits
that
"invented and developed the products,
found a market for the products,
and figured out how to mass produce them"
is hardly optimized by present private capital firms these become in our present institutionalized
way of social production
merely the sunk costs of some for profit out fit
looking to trap rents as long as possible
to compensate these sunk costs
you can't envision a better system then that
why well tuned neo classicals'
brain blood oughta boil at all this
miss allocation at the margin ..no ??
When people take the risks and make the sacrifices needed to start a business, they deserve some reward if it becomes successful. People will not make those efforts if the "people" are going to grab what they created.
Open source software is not an example of socialism. Anyone who contributes to an open source project is trying to build a reputation. It is not pure altruism, unless they are rich and don't need to make a living.
Shared capitalism is a stupid idea that only the sheltered brain of an academic could dream up. It is obviously as much in conflict with reality as Marxism.
Employees cannot own the business that hired them. If you want to own a business, you raise capital and take risks.
If people want to get together and form a cooperative business, they have every right. But they will not have the 40 hour weeks and reliable paycheck of an employee.
-----------------
paine replies
look it up
it isn't about nationalization its about
break up of the isolated units of social production
read about the arnott stigiltz theorem
to get a toy insight into this on going
unintentional de facto acro optimization process
"People will not make those efforts if the "people" are going to grab what they created"
who necessarily sez that's socialization
perhaps we just change the social means
and source
used to provision adequate
" innovative incentive "
red up on tournments and prize systems