In a world where certain questions can't be asked, it's no wonder there are no clear answers. The elephant in the room is #capitalism, but mentioning it is a taboo. It's like trying to solve a puzzle with missing pieces or painting a picture without the right colors. Without acknowledging the root cause of many issues, we're left grasping at straws, hoping for a solution that may never come.

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@yogthos

"The elephant in the room is #capitalism, but mentioning it is a taboo."

Since when? People have been promoting and criticising it openly for at least a hundred years; really, much longer.

@AlexanderKingsbury there is very little serious criticism of capitalism in western mainstream, and there's certainly no serious discussion about abandoning capitalism, or how that could be practically accomplished.

If you mean that screaming into the void while not being able to affect any tangible change is allowed, then sure.

@yogthos

There's plenty of serious discussion about it. Whether or not that discussion is "mainstream" is a vague question, but even if it's not, that hardly makes the topic "taboo"; just uncommon.

If you feel like you're screaming into the void, well, perhaps what you're screaming simply does not resonate with most of the people you're screaming at.

@AlexanderKingsbury @yogthos
Want serious discussion, discuss this without blythely dismissing it. Here's where you can find an alternative to traditional capitalism:

#CommonsCapitalism

#COMMONSCAPITALISMPRIMER

This describes an economic system that can outcompete traditional capitalism in a market economy in virtually any industry. It will play by all the same rules and laws used by traditional capitalists. Once it is in place, it will gradually replace traditional capitalism.

@AlexanderKingsbury @yogthos
Your's is not a serious discussion; as I said don't blythely dismiss it as socialism. Why don't you add that I'm promoting communism?

@Cirdan @yogthos

You can claim my discussion is not serious all you want; I'm not the one responding with "okay" and nothing else. I don't claim you're promoting communism because A. I understand the general meaning of that term and B. I'm not generally in the habit of claiming things I don't think are true.

@AlexanderKingsbury @yogthos
I responded "OK" because your comments basically about Commons Capitalism were 1) it's just socialism, so let's dismiss it and 2) it won't work, which is usually the way traditional capitalists avoid having a sincere discussion about it.

@Cirdan @yogthos

And you're more than free to respond with "okay", That does nothing to move the discussion forward. It is not a meaningful response or answer.

@AlexanderKingsbury @yogthos
At that point, I saw no good reason for further dialog. That was a polite way of ending it.

@Cirdan @yogthos

And that demonstrates to me that you are either unable or unwilling to provide a meaningful counterpoint.

@AlexanderKingsbury @yogthos
A counterpoint to what? That Commons Capitalism isn't socialism or that it won't work?

@Cirdan @yogthos

Well, at that point in the conversation, the specific thing being discussed was whether or not capitalism is ethical. You seemed confused about whether is is, itself, a system of ethics, or whether a separate system of ethics can be used to measure it.

@AlexanderKingsbury @yogthos
No. Capitalism has no ethics as one of it's components. I'm not confused about that.

@Cirdan @yogthos

"But capitalism itself has no code of ethics short of the federal and state penal codes."

@AlexanderKingsbury @yogthos
That's correct. But those are not codes of ethics.

@Cirdan @yogthos

Seems an odd way to phrase it, then. You could just say "Capitalism has no ethics". Not "it has no ethics short of these other things".

If I said "this meal has no gluten in it short of the amaranth meal", that at least suggests that amaranth meal has gluten in it.

@AlexanderKingsbury @yogthos
Sorry. I'm just talking like a lawyer. There's a clear delineation between a code of ethics and criminal laws.

@Cirdan @yogthos

I agree. There is a clear delineation. Neither, however, is part of capitalism. Capitalism is not a legal system, it is an economic one. The only legal ideas you could draw out of it are that its tenets should be protected, but that's hardly it being a legal system. It just demonstrates that a legal system is necessary to protect it.

@AlexanderKingsbury @yogthos
I don't want to get buried in the semantics but the laws are probably part of the political aspect of capitalism.

My point is that capitalism is proscribed by regulations and penal statutes. For some in capitalism, those are their only bounds.

@Cirdan @yogthos

You can dismiss it as "semantics" all you want. For better or for worse, words mean things, and it's important to have a common understanding of those meanings when trying to have an actual discussion.

@AlexanderKingsbury @yogthos
The only reason I discuss ethics is that some posters will make some claim about capitalism as if it should act ethically. A lot of people have misunderstandings about capitalism. Sometimes I try to address those.

But, I'm interested in sincere criticism about Commons Capitalism.

@Cirdan @yogthos

"Sincerity" from other is a goal you can have in such conversations, but I submit to you that it's not particularly productive. If someone presents a valid criticism but they do so without any sincerity, is the criticism therefore less valid? I approach these conversations honestly and sincerely, but of course I can't prove that to you in any meaningful way. You can dismiss me as "insincere" at any time and no one can disprove your assertion.

@AlexanderKingsbury @yogthos
I think people can make valid and invalid criticism of Commons Capitalism just so long as it leads to constructive dialog. I don't mind if it's invalid. Insincere criticism so long as it's valid is fine, also, but I doubt that it would lead to constructive dialog.

@Cirdan @yogthos

I think that the idea of "The means of production and net profits are held for the benefit of the workers as a commons" amounts to socialism. If the means of production are held as a common...well, that's socialism. Well, it's ONE form of socialism. https://www.merriam-webster.com/dictionary/socialism

Which, if you want socialism, fine. That's a conversation reasonable people can have. But I don't think coming up with new names for things is particularly helpful.

Definition of SOCIALISM

Definition of 'socialism' by Merriam-Webster

@AlexanderKingsbury @yogthos
I understand and appreciate your argument. I've had hours of conversation on this very issue. The problem is how do you define capitalism. The only aspect of what I'm proposing that's different from traditional capitalism is that the net profits and means of production are held by a nonprofit corporation instead of individuals. That meets the definition of capitalism.
@AlexanderKingsbury @yogthos
I choose to call it that for political purposes.

@Cirdan @yogthos

Many people choose to twist words around for political purposes; that's most of what many politicians do. I prefer honesty to political expediency. If I cannot convince people of an idea without deceiving them, I don't deserve to convince them at all.

@AlexanderKingsbury @yogthos
So if the means of production and net profits were held solely to help other corporations would that be socialism?

@Cirdan @yogthos

That's a question without a meaningful yes or no answer. You're asking about a scenario and specifying the purpose for which the means of production are held, not who holds them.

@AlexanderKingsbury @yogthos
What is your basis for calling it "socialism"?

@AlexanderKingsbury @yogthos
Here's what I write about the distinction between commons capitalism and socialism:

Commons Capitalism may cause some results that are convergent with the goals of socialism, i.e., spreading wealth within a community and reducing the concentration of wealth in individuals; however, socialism is characterized by social ownership of the means of production,[2] as opposed to private ownership.[3][4][5] (continued)

@AlexanderKingsbury @yogthos
In commons capitalism, the means of production would not be socially owned, but privately owned by each CCE. No CCE would be owned directly or indirectly by the public, community, collective, cooperative, or employees as the CCE is designed to have no stakeholders or any other potentially vested or contingent beneficiaries.

@Cirdan @yogthos

"the means of production would not be socially owned, but privately owned by each CCE."

Suppose I don't want to be part of a CCE. Suppose I wish to own my own means of production.

"No CCE would be owned directly or indirectly by the public, community, collective, cooperative, or employees"

Then who would own it?

@AlexanderKingsbury @yogthos
The CCE owns the means of production and the net profit. The workers have no property interest in them. There are no shareholders or other stakeholders to the CCE. It has no members.
@AlexanderKingsbury @yogthos
Oh, and payment of wages and benefits go only to present and past employees of the CCE and to no one else. Nothing is distributed for public benefit or general welfare.

@Cirdan @yogthos

So.....Suppose I don't want to be part of a CCE. Suppose I wish to own my own means of production. What then?

@AlexanderKingsbury @yogthos
CCEs would own companies just like any other corporation. The difference is that it will pay it's net profits for the benefit of its workers. If you don't want to work for a CCE just don't go to work for it. A CCE doesn't preclude you from having your own business or belonging to a coop. To the contrary, CCEs would encourage you to do so.

@Cirdan @yogthos

So these CCEs are supposedly a super great idea for everyone (despite apparently encouraging people to engage with other models), and they're totally legal? And we have....how many of them?

@AlexanderKingsbury @yogthos They are not intended to be a super great idea for everyone, especially individual shareholders. They are only conjecture at this time, but they could operate fine under current federal and state laws and regulations.

The US economy could easily accommodate 3,000 (2024 numbers) CCEs owning 6,000 separate businesses. Remember, this couldn't happen overnight. It would take 75-100 years for them to have measurable effect.

@Cirdan @yogthos

So they're NOT really all that great for everyone. They'll take at least several decades to implement on scale.

Seems like a lot of questions are still unanswered here.

@AlexanderKingsbury @yogthos
No they're not great for everyone. But in 75 years, 70,000,000 workers could be receiving a prevailing wage salary and Nordic-style benefits.

It will take a long time, but capitalism has been around for 400 years. I will be long gone before the first CCE is funded.

There are innumerable questions. That's why I'd like to have this debated by economists, sociologists, lawyers, socialists, capitalists, accountants, management, etc.

@Cirdan @yogthos

I'd sure like to see more of the questions I've already asked here get answered.

@AlexanderKingsbury @yogthos
I think your request is fair. I'm researching Commons Capitalism now and writing a white paper on it. But still it will take several months to prepare. It's hard to convince people that this is a new concept. They think in terms of traditional capitalism and socialism.

@Cirdan @yogthos

So you're not quite sure how this system even would work, but you're going around promoting it?

And yes, people do tend to think in terms of capitalism versus socialism. As long as you're willing to use pretty commonly understood definitions for those words, there's really not all that much else. Either the means of production are held collectively, via the government or some other such mechanism, or they are not. No real other options there.

@AlexanderKingsbury @yogthos
I'm quite sure how it would work. I heavily represented businesses for 25 years and lectured and authored on business, closely held corporation and limited liabilty company law during that time. I'm doing the research to explain to academics how Commons Capitalism works and to show how it contrasts to traditional capitalism and socialism.

Hopefully, they won't be as contemptuous, dismissive and as antagonistic as you are about Commons Capitalism.

@Cirdan @yogthos

If you're quite sure how it would work, I reiterate that I'd like the questions that have been asked answered. I'm not antagonistic; I'm certainly not as dismissive as you are of me having the audacity to use a dictionary as a source for definitions.