Tag Archives: profit

Power To The People

Corporations, conglomerates, and industrial organizations aren’t the enemy, ipso facto. In fact, they make socialism not only possible, but necessary, IMO.

What is the enemy is unbridled greed, rampant cronyism, nepotism and, especially, the codification of deep income inequality. It is not good for a society when individuals can amass fortunes they can’t possibly spend. That they then turn some of that fortune into philanthropy and charitable organizations doesn’t change the fact that it should be criminal for one individual to take that much surplus value from the workforce that made their fortune possible. It’s estimated Jeff Bezos makes (not earns) around $2,500/second. Dafuque does he do, other than own Amazon stock?

I’m not saying inventors, creators, entrepreneurs, etc. aren’t entitled to profit from their efforts, but they shouldn’t be able to continue siphoning profit off an organization that has reached a point where it could easily survive without them. By the same token, intellectual property law has expanded patent and copyright protections way beyond their original intent, creating other avenues of indecent profit-making.

And getting back to what I said about making socialism possible and necessary, without large profitable organizations, we’d all be living off mom & pop’s and craft-making. Many of the products we enjoy, and that provide the grease that skids civilization as we know it, would not be possible without large factories, laboratories, and other institutions. By their very nature, though, they transcend the control and direction of any one individual, and I believe our pay/profit structure needs to take that much more into consideration, providing a larger share to the workers who have helped make the org successful.

Socialism is NOT a bad word!

Capitalism means money (specifically investment, not wages) is society’s primary consideration. Socialism means people (workers, humans) are society’s primary consideration. I know what I prefer. How about you?

Sure . . . there are thorny issues of ownership and incentivization, what deserves to be nationalized and what can remain in the private sector, but they will be addressed with people, not capital, foremost in mind. And don’t come at me with that tired old trope that socialism has been tried and it’s failed. That’s not even close to the truth. Most examples given are usually of a country that attempted to go straight from feudalism to socialism, without experiencing capitalism at all.

If Karl Marx was correct, and I believe he was, economies need to develop and evolve through various stages, and attempting to circumvent one of those developmental stages isn’t a good idea. This is why I believe the U.S. economy is ripe for becoming socialist; it already is to some extent. Our economy is, if not the most advanced, one of the more advanced capitalist economies in the world. Yet, many of its sectors are—or have been—treated as worthy of receiving benefits in the form of subsidies, grants, and tax breaks that are tantamount to them being socialized.

Most importantly, many larger sectors of the economy are highly developed, with a few being in nearly monopolistic control of their market. This is what Marx called late-stage, monopoly capitalism. It suggests that larger industries, which have become monolithic, are ripe for worker ownership and a more equitable distribution of their profits to the people who actually make those profits happen.

Let’s stop treating the concept, let alone the word, of socialism as if it’s still some sort of disease or bogeyman. The forces of reaction and fascism have long told us to be afraid . . . be very afraid . . . of socialism, but they’re crying wolf and their arguments are dishonest and disingenuous. That is to say, they’re fucking liars and can’t be trusted. They don’t care about you and me. Don’t expect them to be helpful, unless they’re helping themselves.

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