General Discussion
In reply to the discussion: Can we talk about a Maximum Wage? [View all]hunter
(38,311 posts)And capital would be raised the same way it is now, only it would be a much more democratic process.
Nearly everyone would have the means to participate in the market, if they wished.
As a practical matter I think people would tend to support smaller, family sorts of businesses, machine shops, restaurants, and the like, and governments would be more involved in the mega-projects. But no huge corporation would be controlled by small groups of insiders.
It's a small, negligible, subset of people who don't want to do anything. The larger problem is people can't find work or they are compelled to work for low pay in dangerous and/or abusive conditions.
Everyone ought to be able to quit a job that's dangerous or where the conditions are abusive without fearing hunger or homelessness.
Dangerous, abusive workplaces simply have to go away. This is the 21st century. We don't need that kind of crappy economic system anymore. We probably never did.