CAPITALISM SHOULD BE REPLACED WITH SOCIALISM
Capitalism has been a miserable failure and is incredibly unfair. It should be replaced with Democratic Market Socialism (DMS), a system that has been rigorously peer reviewed in mainstream economics journals for the past 100 years, beginning with Oskar Lange demonstrating that a socialist market is more efficient than a capitalist market in the famous Economic Calculation Debate. And every component is already proven to work in the real world.
I wrote a post that describes how it works here:
DMS works largely the same way as the current economy works now where we have individually run firms that compete for customers in the market. The difference is in how income is allocated in the economy.
In DMS, 100% of the economy's income is paid to workers, since they do 100% of the work, and that income is allocated based on how hard you work, which you do by limiting differences in income by law to only what is necessary to get people to do hard jobs and give their maximum performance in performance based jobs.
That is the only fair economic system.
If we allocated income this way, we would be able to pay every worker from $115,000 per year to $460,000 per year for working just 20 hours per week. It would make everyone wealthy and when you make everyone wealthy, you eliminate nearly every social problem.
WHY CAPITALISM DOES NOT WORK
Capitalism is the root cause of all the world's problems. It is a barbaric system based on theft and exploitation which is explained in this post I wrote here:
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 workers produce gets paid to a small handful of gamblers who got lucky investing in the market like bankers and entrepreneurs. Workers have to work for free for 6 months each year just to pay off the gambling winnings of investors. And most of the remaining income gets paid to a small handful of people who have bargaining power merely because they are unique like athletes and celebrities. There is something terribly flawed with a system that pays Kim Kardashian hundreds of times more than a brain surgeon for each hour worked.
The vast majority of the workers who produce everything - the engineers, construction workers, factory workers, doctors, miners, farmers, teachers - have to fight over the few crumbs that remain.
Even though worker productivity is $65 per hour, 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.
Everyone in this world should be wealthy. We have more than enough resources and income. The reason why there is vast poverty, misery, struggle and conflict is because capitalism allows a tiny, wealthy, ruling class to rob the vast majority of the wealth the workers of the world produce and to then use their vastly greater wealth to rule over them.
HOW TO CHANGE SOCIETY
DMS is a significantly better deal than what the vast majority of workers are currently getting, so it will have a lot of appeal. But you will obviously never convince everyone to want to adopt socialism.
However, virtually nobody lives in the economic system they want. So the way to change society is to work with capitalists, and everyone else who is dissatisfied, to enact a system where people have a choice of what system they want to participate in.
Instead of having one monolithic system that everyone is forced to live in, what we should have are multiple systems for people to choose from.
The Right, Left and Center should each get their own economic system and these systems should compete against each other for your membership as explained here:
This is a win, win, win for everyone. Everyone would finally be free to live in the society they want. Not only will this actually solve nearly all of society's problems, it is something we can actually get nearly everyone to agree on. So it is a solution we can get enacted.
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