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#economicdemocracy

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@joetourist
These were not questions to play smart-ass, but perhaps a path to conclude that the great Tommy Douglas, with the concept of Economic Democracy provided Canada with an extremely efficient and media-friendly meme replacing 'collectivism' and 'socialism', that could spread because it neutralized anti-collectivist memes present in many North-American brains merely by the words it was made of.
This man may be a national treasure. :blobcat:

One of the most counter-intuitive justifications for refusing to stop mindlessly competing and work co-operatively toward a shared common good is that it is more of a strain, takes more effort, with less return on investment than working alone.

The rationale most often heard is that the person is sick, disabled, tired, beaten down, overwhelmed, with the implication being that somehow a shared burden is heavier?

Based on that logic, extended families, communities, tribes, villages, towns would never form except by coercion.

It is a circle that cannot be squared.
#COOP #CooperativeCulture #CooperativeCapital #MutualAid to secure the #GneralWelfare and a shared #CommonGood #EconomicDemocracy for #SocialDemocracy

Richard Wolff, an American economist and professor emeritus at UMass Amherst, is known for his sharp critiques of economic inequality and his advocacy for worker cooperatives. Through his books, lectures, and public talks, he champions economic democracy and explores alternative economic models that empower workers and challenge the status quo.

#RichardWolff #Economics #EconomicInequality #WorkerCooperatives #EconomicDemocracy #AlternativeEconomy #SocialJustice #Capitalism #WealthInequality #CooperativeEconomy #ProgressiveEconomics #FairEconomy #SystemChange #changeoftheguard

youtube.com/watch?v=sFa4Lm_ZTyI

2025 if going to be a wild ride. I pledge to exploit every opportunity to push this crazy system towards peace, love, and equality. I'll look for every opportunity to nudge it in that direction, and look to sabotage the efforts of those who look to do economic violence. Hope you'll join me. #economicdemocracy

"The idea here is to impose rules that limit the quantity of finance that commercial banks can invest in problem sectors. For example, credit guidance can be used to scale down commercial investment in fossil fuel production on a binding, annual schedule. But it can also be used to reduce other destructive and unnecessary industries: SUVs, mansions, cruise ships, private jets, industrial beef, dangerous plastics, fast fashion, weapons, advertising, etc.

To grasp the power of this, and why it is needed, we need to understand something about money. Money represents command over production. Whoever issues currency – whoever creates money – can mobilize production to do whatever they want. This power is held by states and should be understood as a public good. After all, what is at stake is the mobilization of our collective labour and the common resources of our planet. But under capitalism, the power of money creation is largely franchised out to commercial banks that create money in the form of credit when they make loans."

jasonhickel.org/blog/2024/8/20

Jason HickelCredit guidance: how we achieve degrowth — Jason HickelDegrowth scholarship calls for reducing less-necessary production in rich countries to enable faster decarbonization and reverse other ecological pressures.  But how can this be achieved?  What is the mechanism?  For many years ecological economists advocated setting “caps

#Socialism #EconomicDemocracy #Capitalism: "The socialist response is to demand collective, democratic ownership of society’s productive resources so that the ultrarich are no longer able to hoard the wealth generated by the working class. This will allow society to ensure that everyone’s basic needs are met, and to make more rational decisions about investment and production — prioritizing ecological sustainability, for instance, over the destructive pursuit of profit at all costs.

This vision is not an expression of covetousness or “hate” of the better off. It is a demand for a world where basic principles of justice and decency prevail. By chalking up the socialist desire for a redistribution of wealth and power to envy, the Right dodges the fundamental moral question at issue between socialists and their opponents: Who deserves what? Are the “idle drones” entitled to the wealth the working class produces, or does the world belong to the workers?"

jacobin.com/2023/04/socialism-

jacobin.comNo, Socialism Isn’t About Envying the RichSocialists aren’t driven by envy of the “more successful.” We are socialists because we want workers to have what’s rightfully theirs — and we know a world with less greed and envy, and where everyone has what they need, is possible.