Comments by "" (@jmitterii2) on "The Rise Of NeoLiberalism Explained w/ Peter Joseph pt. 3" video.

  1. Since the fundamental foundation of currency today is based on fiat currency backed by a Federal Reserve of a nation that lends to private banks at a discount to keep them liquid since they only hold 9% of all deposits in fractional reserve lending systems, and when such banks lend already lent money in the multiplier effect essentially make money come into existence, we could do the same directly with a Co-Op Federal Reserve Bank that lends directly to groups and existing companies wanting to form a special Co-op that provides 1 vote non-trade-able ownership to all employees to vote on all topics of operations of the business. Aristocracy is no longer necessary as capital formation jumps the middleman of banks and investment firms. Employee owned firms, you would never see them vote to give pay packages 300 times the average employee pay... worker pay on profitable enterprises wouldn't be 5% to 20%, but could easily be doubled and still produce 10% to 40% profits to do more unexpected capital expenditures to grow the company and/or fund more pension program, or to keep in cash flow for a rainy quarter or year. And you certainly wouldn't see them vote to outsource their jobs, or do something that would pollute their locality so they would ensure they built proper methods to take care of waste. I think turning corporations into these special defined co-ops is a way to move passed robber baron oligarchy and often dissolves into kleptocracy as defined by when oligarchs start hiring their own police forces, military armed forces, and/or judges directly. Humanity evolved past slavery, feudalism, and mercantilism by changing worker and employer relationships. And this co-op method does just that. Employee becomes part employer in a meaningful manner by providing them a powerful vote of operations. And it finds funding via borrowed money at a discount via a special central bank that would screen applicants based on the merit of their business plan and if already in production how well they're already doing as a business. So aristocracy isn't necessary... Uncle Money Bags not needed. There could be Co-op businesses for that very purpose to screen Co-Op loan applicants to ensure viability and curtail fraud. And it still allows for investment in co-ops and even existing corporations to try to compete... when co-ops pick up steam and enter every sector of the economy though, I'm fairly sure the quality and quantity supplied would be superior to that of the same from any existing corporations: you would have happy employees, more informed employees to make critical adjustments and now where capital expenditures should go. Economist Richard Wolff's Co-op enterprise system idea is very realistic and much better than any form of economics we have had in human history thus far. It answers critical questions on how do we get capital formation, who should be in charge and how to segment these outfits... workers should be in charge, and the form a business co-op in sectors and specialties of their interests and talents similar to how we do business today; and this learns the critical lesson that should be learned from the failed USSR and others that simply having the government do all enterprise just changes labels, but keeps the same aristocracy characteristics. This puts it to groups of individuals still competing. So those sectors that do better with a profit motive would still do so, just that those profits go to the workers, not mostly the aristocracy eventually in the long run creating boom and then busts, and ultimately creating a vicious cycle of demand destruction as wealth and its income pools to a fewer and fewer households, leaving that wealth eventually worthless, because it can no longer draw an income since everyone else is too poor to buy the stuff anymore.
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