Location | Naarm/Melbourne |
Location | Naarm/Melbourne |
@mhoye @joannaholman I've been thinking over the last couple of weeks about what the soft-landing approach to exiting capitalism would look like.
Could we gently switch to socialism in a capitalist manner — i.e. in the same way we might incentivise emissions reduction via a trading scheme, come up with some kind of aggregate wellbeing credit that could be bought and sold by private enterprise, into which is built some kind of inflationary effect requiring more aggregate wellbeing year over year, and gradually turning a "value for shareholders" incentive into a “value for the public” system?
@NewtonMark The boomers (and a segment of gen-X) got their houses for pennies. While it's true that millennial (etc.) homeowners will benefit from house price rises, there's no sustainable price increases that will confer the same benefit as that afforded to boomers.
I'm a millennial homeowner. Even stripping back to my most selfish motivations, the one thing I care about is that I don't take a bath on my place if we need to sell because the economy tanks (or all white collar labour is redundant) and I lose my job & can't secure another. The idea that a coalition government would leave me in a better position is laughable — in their vision of the world I'd be more likely to be out of work with less support, and a small capital gain on my place that I was forced to sell isn't going to last me until retirement without work.