Wednesday, October 29, 2008

A Marxist view on the economic crisis

Richard Wolff a professor of economics at UMass Amherst talks on the current "financial" crisis and capitialism in general. A form of socialism is presented as a possible alternative. This talk was presented by the Asociation for Economic and Social Analysis and the journal Rethinking Marxism.

Take some time and give this a listen. One point to take away from this is very clear... there is little doubt that we will begin to re-regulate in many economic areas that were one regulated until lobbyists paid off enough politicians. One can assume that the second we re-regulate, those same interests will start figuring out how to erode them again. How do we solve this?



A said...

Along with Oxygen and Water, Land is a necessary component of Life and therefore a Birthright of every human being. All “great” societies have met their demise due to the neglect of this simple fact. We can point our fingers at peripheral problems and solutions all we want but until we learn to honor the contract of Life and build our social structure upon that Sacred Foundation we will always reap dire consequences in the long run. Land is a Universal Birthright!

There is a principle called Ockham's razor which is attributed to the 14th-century English logician and Franciscan friar, William of Ockham. It basically states that – "All other things being equal, the simplest solution is the best."

The following are two simple ideas that effectively create the ideal social construct.

Simple Idea #1

1. Socialize ALL Land (True Socialism defined as the vesting of ownership of Land back in the community as a whole)

2. Charge leases on ALL Land based on current market prices.

3. Return 100% of the resulting revenue equally to every man, woman and child (no matter their financial status) in the form of a yearly Land Dividend check.

4. Make the Universal Birthright of Land an Everlasting Standard in the education/understanding of every human being.

This effectively makes the average piece of Land Free for every Living Soul and restores our Natural Birthright as well as coupling our social construct to the Principles of Life.

Simple Idea #2

1. Remove ALL FORMS of taxation

2. Implement a Tax on ALL NEW goods based on the resources they contain and the resources they use in production and delivery (this can easily be implemented with the current barcode system used at the checkout)

3. Use this system to encourage/discourage various resource usages (High tax on non-renewable/ecosystem damaging products and low/no tax on renewable/ecosystem enhancing products) and to encourage purchasing of local products.

4. Use the resulting revenue to fund infrastructure expenses and the restoration of ecosystems.

This effectively encourages the creation/use of longer lasting, high quality products as well as encouraging recycling and reuse of existing products while also establishing a compatible relationship with the ecosystem.

Idea #2 effectively constrains the ravaging appetite of the capitalistic consumer society within the Boundaries of Sustainability while Idea #1 effectively encloses both Sustainability and capitalism within the Principles of Life.

That's it! The path to True Democracy (rule by the people) – True Liberty (Freedom of expression) – True Socialism (Universal Birthright of Life). Simple and Effective


Jay said...

Okay, there is that.