Comments by "Wandering Existence" (@WanderingExistence) on "MeidasTouch"
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@catherineenglish9542 Things have changed, some things for the better and some things for the worse. But we do continue to dehumanize each other in various ways and our economic system is literally based on it.
Employment is literally renting another human being as if their property. The employer-employee relationship is a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.
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@Rhiannon1261 Basically, yes. Personally, I've been interested in a system to keep production local for key anchor institutions and contract service to cooperatives. It has helped multiple cities struggling with job loss due to factory closures build back their communities, in the US and UK. In addition, trade unions, collectives, public banks, credit unions, community land trusts, CSA's, and many other democratically controlled institutions can work together to create democratic networks outside the market to create an economy that doesn't reduce people, their governments, and the environment to a monetary value. I think this can be a viable strategy to give people the autonomy over their work. I believe economic democracy is the only way people who work for the economy will have the economy work for them, their families, and the planet too.
This way of revitalizing communities by building community wealth has helped many communities all over the globe, and it is utilized by the UK labor party and touted by Jeremy Corbyn. Preston, Lancashire became the most improved city in the UK because of community wealth building. Not to mention, much of the progress in labor rights has been due to union's collective power. The thing that draws my conviction to the movement is that I can see it now, helping empower people to live happier, healthier, and wealthier lives.
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I've been listening to the Lex Friedman podcast with where he interviews professor Richard Wolff. It definitely gave me a better understanding of Marxism. Too many people confuse the Soviet Union with Marxism, they're not the same. Marxism is a theory of historical change due to economic factors that have inherent contradictions that eventually caused things to break down and change into something new.
Personally, I've been interested in two grassroots groups called the Next System Project and the Democracy Collaborative. They have devised a way to keep production local for key anchor institutions and contract service to cooperatives. They have helped multiple cities struggling with job loss due to factory closures build back their communities, in the US and UK. In addition, trade unions, collectives, public banks, credit unions, community land trusts, CSA's, and many other democratically controlled institutions can work together to create democratic networks outside the market to create an economy that doesn't reduce people, their governments, and the environment to a monetary value. I think this can be a viable strategy to give people the autonomy over their work. I believe economic democracy is the only way people who work for the economy will have the economy work for them, their families, and the planet too.
This way of revitalizing communities by building community wealth has helped many communities all over the globe, and it is utilized by the UK labor party and touted by Jeremy Corbyn. Preston, Lancashire became the most improved city in the UK because of community wealth building. Not to mention, much of the progress in labor rights has been due to union's collective power. The thing that draws my conviction to the movement is that I can see it now, helping empower people to live happier, healthier, and wealthier lives.
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