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the london philosophy club Message Board › Alternative to Capitalism

Alternative to Capitalism

user 37367482
London, GB
Post #: 2
Marx was right about 1 thing, capitalism doesnt work, as capitalist force down labour costs and get richer the labour cannot afford the goods and the capitalists go out of business. If wages increase then profits decline until the capitalists go out of business. Either way, survival of the fittest makes weaker capitalists fall. In the west salaries have stayed flat for the last 25 years and their relative wealth hasnt got better, leaving a fraction of capitalists getting richer

But, if by law companies were forced to offer its employees a stake in their company, say up to 20% of salary to reinvest back into their company, the weaker companies would still fall because their employees won't invest. But the stronger ones will be invested, creating employee loyalty, and their profits will increase, making the capitalists and the employees richer. You could say this is pensions, but instead the employees are investing directly into the companies they work for. To encourage employees it must be tax free and be more preferential than normal pensions. Employers will be happier to pay higher salaries because more of the money is going to be reinvested back into them. So higher salaries means that more goods can be bought making the capitalists richer which is what they want

The companies that the employees dont invest in will close allowing these employees to move to companies that pay more and so not only will the capitalists get richer, but for once we all will
In the UK in the 1970's wages reduced and there were strikes, which led to companies closing, then the conservatives changed the laws on trade unions and removed red tape which led to a boom. Wages remained low for most workers so credit became wide spread to allow the workers to buy whatever they want but of course this has now led to the bust because the debt could not be repaid.

Globalisations allowed workers in the far east to be exploited on ever lower wages because those in the west demanded higher wages so the capitalists were able to exploit and continue making higher profits, but what happens when those in the east start demanding higher wages, where will the capitalists look to then?

I will however say that the only way this can work in a global economy is for global politics of all the major powers. Britain cannot lead by example on this, otherwise it will be suicidal, all companies will literally leave the UK.

The idea is simple make it law in the G7 or at least the UK that at least 20% or 30% of a company's worth for companies above a set number of employees to be held by the employees of a company.
The ramifications of such a law are profound, there would have to be rules around take overs and contractors to both protect companies and also prevent companies bypassing the rules.
user 62470782
London, GB
Post #: 1
I couldn't agree more. I think this would breed loyalty but can you imagine the size of the board meetings, policy changes...could become quite political! But seriously would shake down the hierarchical structures and increase employee wellbeing. Equalling to genuine productivity. I like the idea! Either way structures need to change.
A former member
Post #: 6
The alternative to capitalism is slavery, are you that naive?
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