11 ms·

Shared prosperity requires shared equity. We need more worker-owned enterprises.

• gnusty_gnurc 6y ago
  > Shared prosperity requires shared equity That's just a platitude. The question is what conditions give rise to prosperity. > The real driver of growth rested in the free citizen, the ability to conduct commerce, to trade freely, to invent and innovate, to compete in the open marketplace. She argues that the ability to freely work and test ideas in a market creates massive enrichment in a decentralized and undirected way that spills-over for everyone. Read Deirdre McCloskey and her work that details what she calls the Great Enrichment. > McCloskey provides evidence that the average global GDP per capita from 1820 to 1992 increased by a factor of almost 800%. For countries like the United States that fully embraced liberal values that number is closer to 1600%. Countries like Russia, with greater size and natural resources, pales in comparison because its people are not free. Prosperity is furthered when more and more people are able to participate in the marketplace and when they can bring their talents and ideas to the world.
• m0llusk 6y ago
  That is my reaction also. Quality engagement with society that yields a good income. That almost certainly involves work, but very likely in an independent context such that there is no job as such. It also makes sense that instead of the usual mix of products or services individuals will increasingly enter into licensing agreements that best market what they have to offer and provide income over significant periods of time without a lot or even any direct involvement. Factoring companies and jobs out of the equation can potentially make work both more efficient and rewarding.
• nradov 6y ago
  How would you propose to make that happen? Most enterprises require more capital than workers can supply.
  • toomuchtodo 6y ago
    Make it a legal requirement and remove preferential treatment of capital in the tax code.