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Antiwork

grass roots econ: public ownership and binary economics

Antiwork clicked for me today. I believed in it before, but it finally really clicked. I listened to a presentation by Dr. Ralph Hall today on the basic principles of binary economics and how current growth capitalistic systems combine labor and capital (the infrastructure of industry). This is why GDP has grown, labor has increased, but wages have stagnated. A company can get a loan from a bank, get insurance for that loan in case the venture fails, buy/create a revenue stream (apartment, factory, solar field) and use that to pay the loan and insurance. Once paid you own the factory and keep the revenue stream. What if we could utilize the same procedure that accumulates wealth for the rich and use it to put infrastructure in the hands of those that work it. What if in the revolutionizing of transportation and agriculture industries to overcome environmental challenges we invest…


Antiwork clicked for me today. I believed in it before, but it finally really clicked.
I listened to a presentation by Dr. Ralph Hall today on the basic principles of binary economics and how current growth capitalistic systems combine labor and capital (the infrastructure of industry). This is why GDP has grown, labor has increased, but wages have stagnated. A company can get a loan from a bank, get insurance for that loan in case the venture fails, buy/create a revenue stream (apartment, factory, solar field) and use that to pay the loan and insurance. Once paid you own the factory and keep the revenue stream. What if we could utilize the same procedure that accumulates wealth for the rich and use it to put infrastructure in the hands of those that work it. What if in the revolutionizing of transportation and agriculture industries to overcome environmental challenges we invest in systems that are community owned. By leveraging institutions that spend considerable funds of money into private interests (higher education, banks, hospitals) and what if they are dedicated to investing 15% rather than 5% in local business thus stimulating the area. You could start by providing a universal basic income (UBI) covered by an initial tax increase (let's say 10% VAT or some other tax bracket system). Combine that UBI with public collective opportunities where people invest in sustainable agriculture, housing developments, and energy solutions, owned by the people. Individuals would then share in the profits and ownership, this better dividing the capitol part of capital gains. Since the 1980's Americans have lost 47 trillion dollars in lost wages (when looking at an increase in GPD per Capita vs wage per Capita). This explosion of growth, marked by an explosion in extinction events and the exploitation of natural resources is not sustainable. We are at a tipping point where as energy resources become more scarce, the energy to harvest outweighs potential energy potential. If we can rework the way we view economics as we rework the way we view sustainability, we have a chance for a brighter future and a more invested world.

TL;DR Look into inclusive capitalism and community wealth building through binary economics and sustainable production.

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