I see you like to read extra things into what I say. Let me clarify. I'm against the current type of capitalism, I think it's implementation, especially when the corporation was introduced, has and will lead to untold misery. I'm not against "free" markets as we understand them in mixed economies but against the idiotic laissez-faire nonsense. I am against societies that are diminishing people, resources and everything else into their monetary value. I'm against the concentration of power that comes along with it, I'm against the asymmetry that arises from all these effects resulting in a split between "capitalists" and "labourers" and rich vs. poor. — Benkei
Reasonable enough concerns; entirely unreasonable solution.
The "goodwill" of a company is generated by its labourers so I believe one solution could be (if we must have corporations) is to introduce a dynamic equity system where labourers, over time, become majority shareholders as opposed to those providing capital. And that's logical because if labourers wouldn't add more value than capital, shareholders would be losing money. But hey, yeah, I totally played into your unnecessary juxtaposition! — Benkei
It's basically the centre-piece of Corbyn's 2019 manifesto. It's been offered to, and rejected by the British public. Just as Kinnock's left of Clause IV platform saw him rejected by the British public three times. And obversely, Blair dropped Clause IV, and won three elections for Labour. When will the left learn they are there to represent working class people's interests, not prosecute their own ideological prejudices?
Just on the surface of things, why would someone start a business, risk their capital, invest their time, effort and ingenuity - knowing they are required to give that company away to factory floor workers whose sole contribution is their labour power? Business could not operate under those conditions; and then you really would see suffering. Immediately there'd be capital flight, mass unemployment, the value of the currency would tank, while interests rates would skyrocket.
So the French revolution was a bad thing? Your posts involve way too many absolutes, too many assumptions and too little examination. — Benkei
Arguably, the revolution was a disaster for France that still echoes today in the all too frequent strikes, often turning into riots. A romantic desire to tear down the system, as if to birth the next republic - encourages social protest to become disproportionate.
That capitalism is the prevailing economic system is no argument for it to remain so. Where have I promoted communism? I have always maintained Marx' Kapital is one of the better critiques of capitalism. Thanks to Piketty, we have an additional one. — Benkei
Let's take Pikkety's critique, and respond, so what?
"The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future."
Wealth inequality is good. Inequality means that people have been able to develop their talents, and use those talents to create social good, for a profit. Talent is unequally distributed by nature. Equality of opportunity, sure - I'm with Rawl's on equality of opportunity, but denying people the right to profit from their talents, for sake of equality of outcome with the talentless, is profoundly unjust and dysfunctional.
So would zero-point energy. This doesn't mean it's a viable option. For someone banging on about science, you sure like to spend very little time on the actual science of the problem. — Benkei
That's crazy; zero point energy is not a form of energy outside of cartoons. It refers to the lowest energy state of a quantum system - even at absolute zero, there's a residual energy. That's zero point energy. Magma is a real source of huge amounts of clean energy we need, like yesterday. It cannot be developed quite that quickly, but doesn't have to be - assuming ultimately, it would be more than adequate, we can redress the damage in due course.
Those questions you need to answer are still unanswered. Until then we'll go with the science that actually is clear, proven to work and feasible, such as wind, water and photo-voltaic renewable energy. — Benkei
Your unanswered questions are not due to a lack of scientific rigour, but that they could only be answered after conducting physical research. I'm not currently in a position to hire those specialist skills. Give me the money, and I'll start making calls - and get you your answers. But until then, it's just not possible to answer the questions you've asked. You can keep implying this constitutes some sort of deficiency on my part, but I can only do so much - and I'm doing what I'm qualified to do, and that is to speak on the philosophy, political theory and economics of the whole thing.
Wind and solar are sub-optimal at best. They will never meet our energy needs - and so will entrench fossil fuel dependence. They are inconstant sources of energy, and so that energy must be stored - meaning you don't just need to build windmills and solar panels, but energy storage facilities - and still maintain a fossil fuel generating capacity. Windmills cost about £250m each to manufacture and erect, and last around 25 years, after which time they need replacing at similar cost. And all this to barely take the edge off carbon emissions.
In order to make wind and solar make sense - living standards will have to fall dramatically. This means old people afraid to put the fire on in winter; the price of food, travel, everything that costs energy costing much more - to reduce demand, to address climate change. It's cruel and unnecessary, and leads nowhere good. We need to apply technologies that produce massive amounts of clean energy to balance human welfare and environmental sustainability in our favour.