David Harvey "The End of Capitalism"

[donquixote99]

Originally Posted by nailer

How would this better distribution idea work?

So you say you want a revolution...

Capitalism: defined return to labor (wages), all surplus goes to capital.

Communism: all surplus (in theory) goes to labor, no return (in theory) to capital.

My Way: Labor and capital split surplus in ratio to contribution.

[Boreas]

Originally Posted by donquixote99

Capitalism: defined return to labor (wages), all surplus goes to capital.

Communism: all surplus (in theory) goes to labor, no return (in theory) to capital.

My Way: Labor and capital split surplus in ratio to contribution.

As determined by whom?

John

[nailer]

Originally Posted by Boreas

As determined by whom?

John

Meet the new boss
Same as the old boss

[merrylander]

Originally Posted by Boreas

As determined by whom?

John

Restore the labor unions and let them negotiate with management. Currently management has the deck stacked in their favor.

[donquixote99]

Originally Posted by Boreas

As determined by whom?

John

By law, and so by lawyers, and accountants. At some firms it would be smooth, at others there would be big fights....

[VanishingPoi]

Originally Posted by finnbow

Is there a Cliff Notes version?

While capitalism has its flaws, it's still the best way yet devised to allocate resources, though does require some degree of regulation.

Please watch some of it, it is fascinating and there are better ways. There are so many things that could happen to make our lives better.

[finnbow]

Originally Posted by VanishingPoi

Please watch some of it, it is fascinating and there are better ways. There are so many things that could happen to make our lives better.

That may be true, but getting them through the body politic is another issue altogether.

[VanishingPoi]

Originally Posted by finnbow

That may be true, but getting them through the body politic is another issue altogether.

Unfortunately, people under 30 are screwed on the job venue. The economy is growing for the financial tricksters but the rest - you know.

[finnbow]

Originally Posted by VanishingPoi

Unfortunately, people under 30 are screwed on the job venue. The economy is growing for the financial tricksters but the rest - you know.

It depends on your major. All three of my kids have had no problems getting exactly the jobs they wanted in the past 5 years (all are engineers) and each entertained many offers.

[donquixote99]

Finn, I'm fully willing to accept that your kids are exceptionally talented. Probably 95th percentile or better in the math SATs, right? And they had family tradition to build on, a secure economic background, and parents who understood what a technical education requires and helped them along. God help us if all those advantages can't pave the way for success.

Do you suppose it's valid to want the economy to work for the other 95% too?