That’s just not possible when you factor in both accumulation of wealth (it’s exponential like compound interest) and the competition between capitalists for profit. The competition does not come from their moral beliefs but from the incentives created by the system itself.
All that takes is preventing those without a personal concept of “enough” from controlling capital.
This would require to remove capital from the hands of individuals and either throw it in the hands of the state, or change its (corporate) ownership to co-op model (one worker - one vote). Both have been shown to work but that would no longer be capitalism but instead a form of socialism, as private capital would no longer dictate what’s produced in the economy and how it’s distributed. Instead it would be dictated by the state which is controlled by the people through some form of democracy, or democratically by the workers within each corporation, or both. In both cases what’s produced is dictated by the needs of the majority of the workers in that state. And that’s textbook socialism.
Accumulated wealth is a choice. We can tax inheritance at 100% beyond a certain point (say 100,000x the federal minimum wage).
The competition does not come from their moral beliefs but from the incentives created by the system itself.
Disagree. It is a choice to not say to yourself “I have enough. I am stopping work and donating all this wealth I don’t need to charity.” It is a choice not to make your fortune, retire, and then give ownership of the company to the employees who made you successful. Society once chose to treat homosexuality as a mental illness. No reason we couldn’t do the same for greed.
We say people can’t use slave labor. We say kids can’t work. There is no reason we couldn’t say people above a certain wealth threshold can’t work. That’s just regulation, not socialism.
Das Kapital was published in 1867. Modern psychology is considered to have begun in 1879. The first DSM was not published til 1952. Marx understood economics but he has an archaic understanding of human psychology which cripples his work.
That’s just not possible when you factor in both accumulation of wealth (it’s exponential like compound interest) and the competition between capitalists for profit. The competition does not come from their moral beliefs but from the incentives created by the system itself.
This would require to remove capital from the hands of individuals and either throw it in the hands of the state, or change its (corporate) ownership to co-op model (one worker - one vote). Both have been shown to work but that would no longer be capitalism but instead a form of socialism, as private capital would no longer dictate what’s produced in the economy and how it’s distributed. Instead it would be dictated by the state which is controlled by the people through some form of democracy, or democratically by the workers within each corporation, or both. In both cases what’s produced is dictated by the needs of the majority of the workers in that state. And that’s textbook socialism.
Accumulated wealth is a choice. We can tax inheritance at 100% beyond a certain point (say 100,000x the federal minimum wage).
Disagree. It is a choice to not say to yourself “I have enough. I am stopping work and donating all this wealth I don’t need to charity.” It is a choice not to make your fortune, retire, and then give ownership of the company to the employees who made you successful. Society once chose to treat homosexuality as a mental illness. No reason we couldn’t do the same for greed.
We say people can’t use slave labor. We say kids can’t work. There is no reason we couldn’t say people above a certain wealth threshold can’t work. That’s just regulation, not socialism.
How to make a cluekess dude read Marx? It’s baffling that we have to answer the same questions again and again.
New questions for you to answer: https://archive.org/details/19thcenturyphil
Sheesh. 🤷♂️
Das Kapital was published in 1867. Modern psychology is considered to have begun in 1879. The first DSM was not published til 1952. Marx understood economics but he has an archaic understanding of human psychology which cripples his work.