Share the power of wealth - References and quotes Philosophy 2021 REFERENCES AND QUOTES DOUGHNUT ECONOMICS: SEVEN WAYS TO THINK LIKE A 21ST-CENTURY ECONOMIST Employee ownership to end imbalances between owner and workers. Share the results of the worker. 76 Power to reshape the rules of economy. Inequality in power. See THINKING IN SYSTEMS – A PRIMER, Arbetsamhället Lobbying and golden rule 79 Cocreating reality 86 Economic networks now create to big to fail companies. Minimum, maximum and basic income is good but we also need focus on both redistribution income and wealth as wealth generates income. See THE SCIENCE OF FLOW SAYS EXTREME INEQUALITY CAUSES ECONOMIC COLLAPSE https://evonomics.com/science-flow-says-extreme-inequality-causes-economic-collapse/, MEASURING REGENERATIVE ECONOMICS: 10 PRINCIPLES AND MEASURES UNDERGIRDING SYSTEMIC ECONOMIC HEALTH. Alperovits “political-economic systems are largely defined by the way property is owned and controlled”. See ARBETSSAMHÄLLET – HUR ARBETET ÖVERLEVDE TEKNOLOGIN on Rousseau and power in property 171 Distributive design by changing wealth ownership of 1. land, 2. money creation, 3. enterprise, 4. technology and 5. knowledge. State led and grass-roots initiative. 1. Land limits Mark Twain. Henry George and BIENs reasons for basic income. Nature and community give land value. See History of basic income on reasons for basic income through history https://basicincome.org/history/ 147 Sign of Fay Lewis. Land-value tax. Henry George, land should be owned by a community. E. P. Thompson “Enclosure was plain enough a case of class robbery” and companies have continued the historic enclosure of land in modern times with communities having found themselves dispossessed, dispersed and impoverished. Ostrom proved Hardin wrong proving people can manage the commons, managing better than markets and state. No one holds the true solution, try different approaches. 150 Moneymaking and increasing inequality through repayment of interest-bearing loans. The new landlords are now the investors, financiers and bankers. Keynes, “The owner of capital can obtain interest because capital is scarce, just as the owner of land can obtain rent because land I scarce.” 152 Work and inequality. Who owns the enterprise and captures the value of the workers 155 Power determines the shares of wealth/productivity. Rooted membership and stakeholder finance for companies to be distribute. Employee owned firms. Concentration of wealth through technology. Network effect into digital monopolies armed with patents, the enclosure of creative commons. 158 Concentration of wealth through technology. Automation, work and fairness. USA employment in agriculture went from 50%, 1900, to 2%, 2000. See < THE CIRCULAR BIOECONOMY AND DECOUPLING: IMPLICATIONS FOR SUSTAINABLE GROWTH on the great linearization 149. Taxing non-renewables and not work and basic income won’t be enough in fighting technological segregation. We have to share. Biosphere is for all! Mariana, Mazzucato, public money in research, development and infrastructure underpinning technology like robots, a rationale for all in owning a piece of the pie. Colonization of the commons, controlling ideas and knowledge, through immaterial law. Innovation happens without immaterial law. 161 Basic income, 1. an universal access to markets 164 Global inequalities. GiveDirectly See https://tidningensyre.se/2020/9-september-2020/forsok-med-basinkomst-i-kenya-gav-positiva-effekter-under-pandemin/ . Market driven solutions for poverty should not be a substitute for public services! 2. Universal access to public services. Classic, tax the rich! – global taxes! 3. Universal access to global commons, to earths life-giving systems and to knowledge. 167 Open source digital platform - global knowledge common 167, 170 Tax justice, tax wealth! Since economy cannot grow anymore we cannot have the same employment anymore. The solution to automation and unemployment us a basic income for all and sharing work. Keynes, “to make what work there is still to be done as widely shared as possible.” 226 Socially locked in the culture of consumerism and tension created by inequality. Economic growth is supposed to ease the social tensions of inequality through positive sum, everyonecanbebetteroff economy and also avoid redistribution. (But we can’t grow anymore) 229 I ECOLOGICAL ECONOMICS – PRINCIPLES AND APPLICATIONS Excludability = property rights 165 Excludability is create to be able to make profit. Rights are protected by institution 166 Excludable and nonrival goods. Intellectual progress is a collective process 173, 174 Box 19.2 wealth, power and efficiency 377 Revolutionary to socialize. Can we reframe property rights as a bundle of rights with right of rate of extraction excluded. 422 “If we believe there is a need for improved distribution, we are basically questioning the existing endowments of property rights.” “Policy is concerned largely with institutions and laws that create, redefine, and redistribute property rights.” Excluding property rights are not inherent in services and goods. Social institution defends these rights. A right and a duty, three-way relation between individual, other individual and the state. Privilege vs right. Scarce world requires a redefinition of property rights through policies. 424 Types of property rights. 425 Box 23.1 How wealth creates power See THINKING IN SYSTEMS – A PRIMER on “Success to the successful”. Problem of wealth as status : 1. Conspicious consumption increases scale 2. Creates a damaging zero sum positional race. See THE SPIRIT LEVEL: WHY MORE EQUAL SOCITIES ALMOST ALWAYS DO BETTER 443 Caps on income and wealth. Conspicuous consumption can be seen as a negative externality and could be limited by a progressive consumption tax. Income could be capped using a progressive income tax and it is good if it also limit economic growth because the people and planet needs less of it! 🙂 Wealth can be capped through a progressive wealth tax such as real estate tax and inheritance tax. Much of private wealth grows because of infrastructure and institutions provided by society. 444 Subsaharian Bill Gates. Tax and the Northern European countries 445 Marginal utility of a dollar is bigger for a poor person than for a rich. Just desert argument based on that people are paid for their contribution to society, But how do you know you are contributing if the goal of the society is not clear? Furthermore people are benefiting now from past contributions. Approaches proposed by ecological economists include equal opportunity in education, job access and job andvancement, jobs at living wage and directy payments but also equal entitlements to wealth created by nature and by society independent of entrepreneurial ability. See https://twitter.com/wistikent/status/1219359615890219008/photo/1, History of basic income 446 Distribution of factors of production. 447 Distribute return to natural capital. 451 Alaska fund and Sky trust 452 Henry George and the reasoning for a land tax. Practically harder to physically redistribute land than taxing. 454 I The THE SPIRIT LEVEL: WHY MORE EQUAL SOCITIES ALMOST ALWAYS DO BETTER Concentration of power in economic institutions. Companies the source of income inequality See DOUGHNUT ECONOMICS: SEVEN WAYS TO THINK LIKE A 21ST-CENTURY ECONOMIST on Piketty, capital households vs income households and increasing inequality 142, 242 Privatization has increased inequality 243, 244 Tom Paine, wealth, power and democracy 244 Make societies fairer through democratic employee-ownership 248 “Employee-ownership has the advantage of increasing equality specifically by extending liberty and democracy”. Economic democracy. 252 Stop pampering the rich. They will not leave or bail. “We know that more egalitarian countries live well, with high living standards and much better social environments. We know also that economic growth is not the yardstick by which everything else must be judged. Indeed we know that I t no longer contributes to the real quality of our lives and that consumerism is a danger to the planet. Nor should we allow ourselves to believe that the rich are scarce and precious members of a superior race of more intelligent being son whom the rest of us are dependent. That is merely the illusion that wealth and power create. Rather than adopting an attitude of gratitude towards the rich, we need to recognize what a damaging effect they have on the social fabric.” 262 Different action that can make societies fairer. 263, 264 I WHAT THEN MUST WE DO - GAR ALPEROVITZ Old ways to bend trends doesn’t work anymore. 13:40 Probable solution must face up to the underlying issue in all (social) systems i.e who owns the wealth. Alter to benefit the vast majority. Feudal, 19^th small farmers, Soviet union state owned. 13:56 Change the ownership of wealth or the pain continues. 15:28 Systems about who owns the wealth. “if systems are about who gets to own the wealth, because power flows from wealth, and if you don’t want it in the state because they overcentralize it, then either there is a decentralized way or there isn’t a way” Cooperations, worker owned companies, credit unions and land trust show another way. 19:56 Democratizing ownership 22:41 Taxpayer money, public funds, could be put in credit unions or city banks to use them for community purposes instead of putting them in a big bank that use them to make profit (lend out money) 29:22 How money is created. 29:55 Money is crazy making 30:10 “A larger transformation, over 30 years or so, building upon this emerging transformative, potentially transformative vision of changing who gets to own the capital. Socializing the capital like coops in a radically downhome American way that doesn’t end up centralizing everything but also does change and transform who gets to own.” 48:01
I LOBBYING DATA SUMMARY – OPENSECRETS I PROPERTY IS THEFT! - WIKIPEDIA I ENCLOSURE - WIKIPEDIA To encouragement Next encouragement