Posted 8 months ago on Sept. 27, 2012, 1:15 p.m. EST by DemandTheGoodLifeDotCom
from New York, NY
This content is user submitted and not an official statement
CAPITALISM IS THE PROBLEM
The world's problems are all economic. And the solution to the world's problems has been the same for the past couple of centuries: The solution is for workers to organize so that they have the power to replace capitalism with socialism.
The problem with capitalism is that it exploits workers, because it only pays them a tiny fraction of what they produce.
In capitalism, half of all the income that workers produce gets paid to a small handful of gamblers who got lucky investing in the market like bankers and entrepreneurs, as shown here, and most of what remains gets paid to a small handful of people who have bargaining power merely because they are unique like athletes and celebrities.
The vast majority of the workers who produce everything - the engineers, doctors, construction workers, factory workers, miners, farmers, teachers - have to fight over the little income that remains.
Even though worker productivity is $65 per hour, as shown here, which is enough to make every worker wealthy, most workers are broke because they only get paid a tiny fraction of the $65 per hour they produce. Most of that $65 unfairly gets paid to the lucky and unique.
Because of capitalism's exploitation, 50% of Americans are living in or near poverty, according to the latest census.
SOCIALISM IS THE SOLUTION
The only fair economic system is one which pays workers 100% of the income, since they do 100% of the work, which pays no income to investors since they do no work, and which pays you based on how hard you work, not based on how lucky or unique you are. That economic system is called socialism.
Socialism is an economic system without exploitation. It pays workers the full value of what they produce. It's a system summed up in the socialist slogan, "To each according to their contribution."
That means you can only get paid by working and the amount you are paid is based on how hard you work, which you do by limiting differences in income between workers to only what is necessary to get them to work hard jobs and to give their maximum effort in performance based jobs.
If we allocated income this way:
- it would pay workers from $115,000 to $460,000 per year, as explained here
- for working just 20 hours per week, as explained here.
It would make every worker wealthy and when you make every worker wealthy, you eliminate nearly every problem in society.
The key difference between capitalism and socialism is that socialism does not pay any income to investors. No unearned income, such as profit, rent, interest, or dividends, is paid to anyone. In order to get paid an income, you must actually work.
Investment income does nothing but rob workers of half the wealth they produce each year.
It is just welfare for the lucky. It allows guys like Mitt Romney to get paid $20 million per year every year without working a single day merely because he got lucky in the market a few decades ago. Workers produce that $20 million every year, not Mitt Romney.
Investing is gambling and the economy should not be used as a casino. Workers shouldn't have to work for free for 6 months every year just to pay off the gambling winnings of investors.
A system where workers, who produce everything, are paid half the income and a few lucky gamblers, who produce nothing, are paid the other half is absurd.
Of course, you need investment money to run an economy. But just like we don't need to pay people to print their own money in order to make sure there's a supply of money in the economy, we don't need to pay people to invest in order to make sure there's a supply of investment money in the economy.
Just like the central bank can provide the economy with the necessary supply of money, it can provide the economy with the necessary supply of investment money. Workers don't need to pay private investors.
In socialism, all capital and businesses are equally owned by workers. So loans and investment are funded with public investment funds as explained here.
CHANGING THE SYSTEM
The solution to the world's problems is to educate workers on how much money they are losing to exploitation, to educate them on how much more income they would get paid in a system that does not exploit them, and to then organize them into a single union so they have the power to change the economic system and put an end to the exploitation.
Workers have the basic human right to refuse to work in an economic system that exploits them. They have the basic human right to freely choose to only participate in a system where they get paid 100% of the income they produce and they get paid based on how hard they work.
And once they are organized into a single union, they will have the power to enact a law that pays them this way.
A lot of workers need to be organized to change an economic system, but raising the minimum income to $115,000 and reducing the work week to 20 hours is a deal that enough workers may find worth organizing for.