David Harvey "The End of Capitalism"

[Boreas]

Originally Posted by VanishingPoi

Don, I am not talking about 'all' capital surplus in the country. Each community should decide where that surplus ends up perhaps in their own community or someone that needs it. Why does it all have to be about profit? Maybe the rest of that corn, potato, whatever can go to the folks who can no longer work, say your grandmother. Who knows, maybe you could export it to other starving people. The potential is endless. Not everything has to be profit driven.

Completely unworkable. It has to be done on a national level. Not all states or localities are created equal. Some have lots of surplus capital and some have none.

Also, if you work at a Honda plant in Ohio, does the surplus stay in Ohio, go to American Honda Motor Co. in California or does it go to Tokyo?

The best way to redistribute capital, IMO, is through the tax code. It worked pretty well for 40 years or so, built the strongest economy and the strongest middle class in the world. Then we were blessed with St. Ronnie.

John