Critique of Capitalism | Nancy Fraser

[@nthperson]

I would concur with Professor Fraser's conclusions regarding the status quo if only she expressed an understanding that the problem is not the private ownership of "the means of production" but the private ownership of nature, which is the source of all that we consider tangible, material wealth. We are victimized by systems of law and taxation created and protected by a privileged rentier elite. We in the United States need to trace the origins of our laws back to those inherited from the Old World, laws modified but in almost all essential aspects preserved as brought into being by landed aristocracies and monopolist forces during the period of industrialization and financialization of economies. The pre-industrial system of agrarian landlordism never disappeared; it merely evolved over time into agrarian-commercial-industrial and financial landlordism. All of the circumstances described by Professor Fraser would improve IF only the rents of nature, which are unearned to the individual or the private entity, were collected and used to pay for public goods and services (as urged by a long list of thoughtful analysts going back to Richard Cantillon) and, potentially, a citizen's dividend as proposed by Thomas Paine in "Agrarian Justice." Societies that have established state-socialism have consistently ignored rents altogether as a potential source of public revenue, under-utilizing or simply wasting land and natural resources. This is a lesson that must be learned by any society hoping to establish democratic socialism or social democracy. Edward J. Dodson, Director School of Cooperative Individualism www.cooperative-individualism.org

[@kaderathebeekeeper22m3]

Social democracies (e.g in Europe) have proven to be the best of all economic and political experiments in recent history. The trick is to balance freedom and responsibility. Well regulated capitalism in a democratic society = Social democracy

[@rushdsowell3003]

B

[@ScribblebytesWorldwide]

59:21 We could use the Internet and block chain tech.

[@rentslave]

The only place where capitalism doesn't work is in college football.The same teams win year after year.Why bother to watch?