Saturday, July 6, 2013

# 10 Mutualism

As our society becomes more industrialized in the long, to very long term, we need to recognize that the majority of humans may become unemployed. While I would like all these so called unemployed people to continue to be individual craftsmen, that isn't always feasible for all people. To address this need to support the nation, and in deed humanity, some great thinkers came up with a social philosophy. It is called Mutualism.

Mutualism recognized industrialization would require larger means of production than one laborer could manage. In other words, as industrialization increases, then need for labor decreases. There would be individual laborers working as independent craftsmen, but there also would need to be free, democratic associations of workers (or former workers) sharing equally in the ownership of the means of production such a factories. Goods produced by the factories would still be priced according to the total cost to the associated laborers, who would share the proceeds equally. This is why I advocate that everyone should become an owner in the means of production. That is to say, own stock in the company you work for, by grant or purchase, and as many other companies as you are able.
Economic viability requires credit, which the mutualists understood. They proposed mutually held savings banks (today we call these credit unions, although most if not all are watered down versions) which would lend money only at an interest rate required to meet the administrative costs of operating the bank. The stakeholders in the banks would be the freely associating laborers who benefited from the credit.
Mutualism opposed both the collectivization of property under communism and the accumulation of property under capitalism. Proudhon (and my-self, see rental policies) also rejected what he called the possession of property in which the property holder could make money by rents or impede others from using the property. Instead, mutualism supported private ownership of that amount of property required by a laborer to support the means of production the laborer or laborers controlled.
Bonuses based on false earnings statements, which have been restated to be lower at a later time. And they still get their bonuses.
Under the current structure of most (in not all) corporations, the CEO, and the executive staff create all the value, and workers create almost nothing.
If men were angels, no government would be necessary. If CFO’s and Financial managers at those companies were angels, no corporate governance would be necessary.

Solution 1
Stock is paid to employee and Employees can sell bonds to the company. All stock is voting stock.
Solution 2
See Rental Policy
Solution 3
A new model of business needs to be created. (I'm working on this)

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