|
|
|
|
|
by quantumofmalice
2973 days ago
|
|
I would distribute sovereignty more broadly, allow the smaller units of sovereignty to practice mercantilism to protect internal industries (i.e. productive capacity) and remove usury as the basis of the money supply to avoid wealth concentration in money centers. Wealth redistribution is inevitable at this point, ideally in the form of debt jubilee but, given the political power of the banking class, more likely via something more chaotic. |
|
Actually, I'll go a step or two further and suggest that a mix of rentier taxes (land and other monopolistic elements) and income supports (UBI, living minimum wage, additional targeted support as needed), workplace and labour protections, collective bargaining, are almost certainly required.
UBI without LVT merely pumps wages to landlords. Similar further arguments extend to otther elements above.
But that leaves us with the fundamental issue remaining: natural clustering tendencies of many economic activitties, particularly dematerialised ones ("informattion work") tend toward clusteering (where skills are scarce) or outsourcing to the lowest-wage centre (where skill is automated away). All other areas are effectively dead zones.
(In-person services, repair, and construction remain, but these are poorly-scaling, low-profit sectors.)
That's the dynamic I see as needing addressing. And UBI + LVT don't get you there, that I see.
Any insights there?