Ostroeuropa wrote:Muh cross posting.
Corbyn seems to be edging toward market socialism and i've never been happier with him. He's adopted a sensible reform that i'd do in his position, demanding 10% of shares from companies instead be given to the workers, a solid incremental change. Rather than tax and spend that would inevitably end up in the pockets of the rich again because of how state expenditure under capitalism works, he's adopting an approach of direct wealth transfer. Should he get this pushed through it will form the basis for further expansions of a corporate syndicalism or market socialism model that could see us radically transform our economy, incentivize productivity, and transfer ownership to the workers.Labour finance spokesman John McDonnell will say that every company with more than 250 employees would have to create an “Inclusive Ownership Fund”, transferring at least 1 percent of their shares into the fund every year, up to a maximum of 10 percent.
“The shares will be held and managed collectively by the workers. The shareholding will give workers the same rights as other shareholders to have a say over the direction of their company, and dividend payments will be made directly to the workers from the fund.”
I just became even more fanatically pro-corbyn.Corporate Syndicalism-
It keeps free markets and all that.
Theres a method of doing it that I prefer, which is basically that anyone who works for a corporation gets 1 share of stock to vote with. No non-workers may vote with stock.
Wages would be abolished, instead, every worker gets a share of the corporate profits determined by the collective.
(The current progenitor is the Mondragon corporation, which uses:
Unskilled labour - 1 share
Skilled Labour - 3 shares
Management - 5 shares
Upper Management 7 shares)
System.
thus, upper management will only EVER receive 7 times the pay of the lowest paid work, and that pay is ENTIRELY dependent on how well the corporation functions.
If profits go up, everyones wages go up. If profit goes down, everyones wages go down.
This model makes firing people (for reasons other than incompetence or bad behaviour) obsolete. We no longer have to fire people because times are tough. People will willingly leave when their pay goes down. (Too many workers sharing not enough profit. Those willing to leave will do so. If noone wants to leave, then there is no problem.)
Imagine it as basically a form of socialist-corporation.
It means you can entirely scrap things like workplace-health acts, since the workers of the company are going to vote for healthier working conditions anyway.
And if they dont vote for them, who are we to say otherwise? They know the risks best.
The importance of the vote is that it allows workers to fire incompetent managers by voting them out, which can be vital. Ofcourse, it is NEVER in their interest to fire an actually competent manager. Doing so would hurt their incomes.
It also means that every worker has a vested interest in the corporation doing well. If it does well, they get more cash.
It minimizes laziness. Every worker knows they get a share of the profit, so why laze?
I've been saying it for fucking years, and finally a major party is on board with something similar. Our attitudes are, for once, in alignment.
>more capitalism
Gee wilkers Ostro, I almost thought I'd've mistaken you for a pro-worker's rights anti-capitalist for a second there considering all your supposed hostility toward oppression.
