Exactly. Capitalism isn’t bad because of free markets, free markets are great and arguably way better than planned economies in most applications (minus things like healthcare, if you can’t reasonably choose not to buy a product then prices will inflate out of control).
The problem with Capitalism is the concentration of capital which inevitably leads to oligarchy. Put profits in the hands of workers instead of investors and watch the problems melt away. Hell, I can see the merits of totally replacing wages with proportional stake in the company. When everyone gets a percentage of the profits, they’re way more motivated to work efficiently with less waste and higher productivity.
Market socialism with an emphasis on genuine co-ops. It’s not hard, it works, and you don’t necessarily build an immutable heirarchy.
Exactly. Capitalism isn’t bad because of free markets, free markets are great and arguably way better than planned economies in most applications (minus things like healthcare, if you can’t reasonably choose not to buy a product then prices will inflate out of control).
The problem with Capitalism is the concentration of capital which inevitably leads to oligarchy. Put profits in the hands of workers instead of investors and watch the problems melt away. Hell, I can see the merits of totally replacing wages with proportional stake in the company. When everyone gets a percentage of the profits, they’re way more motivated to work efficiently with less waste and higher productivity.
The market will just force coops to behave like capitalist companies again…
Also:
But without checks and balances then we could end up with corrupt plutocrats like the Soviets had.
The heart of Marxism is spreading power out as much as possible by giving the working class control over our resources and economy.