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But if capital ownership is such a great idea in this era of globalization, why don't more people cut back on consumption to save more and become capitalists? Who knows, but instead of ranting about people wanting useless luxury items like SUV's and plasma TV's I'll argue that most people know nothing about capital ownership having become such a great idea. They aren't being wage earning capitalists because they don't know how good it would be for them.

Most people in the world are not wasting their money on SUV's and plasma tvs. They are wasting their money on food, shelter and clothes for themselves and their families. This is also true for much of the western world.

How your swiftian proposal will help aleviate the imbalances of globalisation I do not know.

by Trond Ove on Wed Feb 28th, 2007 at 03:33:13 PM EST
Everyone is spending money on those things, but it's not as though the vast majority of people in the West can't buy televisions.  The vast majority of Americans own televisions, cars, computers with internet access, etc.  If I remember correctly, roughly the same percentage of the bottom 20% of income earners in America own their homes as do citizens of Germany as a whole.  So let's not pretend as though most people are incapable of affording this sort of thing in America and western Europe.  And Starvid's point is that this potentially lends a hand by allowing workers to take part in the gains to investment that we've seen.  It would be a tad ridiculous to hate on The Evil CapitalistsTM because of their ownership while shooting down the idea of encouraging The Glorious WorkersTM to become owners, as well, would it not?

Hell, the only thing that might save the moronic Revolutionaries-turn-Reaganistas of the Baby-Boom generation is the fact that so many actually have taken on investments during their march to destroy the safety net with tax cuts and federal spending sprees. </rant>

WHEEEEEEEEEEEEEEEEEEEEE!

by Drew J Jones (blahblahblah@blahblahblah.com) on Wed Feb 28th, 2007 at 03:58:38 PM EST
[ Parent ]
   
Ownership Society

Defining an Ownership Society
By David Boaz

President Bush says he wants America to be an "ownership society." What does that mean?

http://www.cato.org/special/ownership_society/boaz.html

by Trond Ove on Wed Feb 28th, 2007 at 05:49:16 PM EST
[ Parent ]
Actually, I was a bit inspired by that expression, coined by W*(?). I daredn't say that though as I guessed it would put some of you off a bit. ;)

But one should obviously never underestimate the knowledge of the ET community it seems.

* Just as he was inspired(?) by the Swedish pension system, a version of which he tried and failed to introduce in the US.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Feb 28th, 2007 at 06:18:34 PM EST
[ Parent ]
I think the "ownership society" is, as the CATO article states, a way to put downward pressures on taxes and make ordinary people more susceptible to capitalist rhetoric. As well as increasing share prices. And housing prices.

Which is all nice and dandy if you are already rich.

by Trond Ove on Wed Feb 28th, 2007 at 07:25:15 PM EST
[ Parent ]
Strange thing that.

I know lot's of people from all different income brackets, and no matter their income some people always run out of money a week before the next wage while others save and put away as much as they can.

Of course, you write "Most people in the world", and in that way you are right. But I am not talking of most people in the world but of wage earners, the broad middle class mainly, in developed countries.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Feb 28th, 2007 at 04:02:38 PM EST
[ Parent ]
Well, if you are claiming to want to spread the profits of globalisation, you aren't really spreading it very far, are you?
by Trond Ove on Wed Feb 28th, 2007 at 05:53:10 PM EST
[ Parent ]
Not really, no. I am not trying for some global state run equalisation of wealth, which would never ever come to be any way. Ordinary globalization is doing that rather good though. Both to make sure they get better off as a good in itself and so they try less hard to stop globalization by empowering dangerous populists, as they see there is something in it for them too.

I am trying to help those who are losing out at globalisation, wage earners in developed countries.

Last time they said stop!, quite bad things happened.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Feb 28th, 2007 at 06:22:35 PM EST
[ Parent ]
And by the way, I never said this modest proposal was the Solution. It's a limited one. In its limited self, do you see it as a good or bad idea?


Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Feb 28th, 2007 at 06:24:11 PM EST
[ Parent ]
I posted my answer downthread, so as to not mess up the formatting with that graph.
by Trond Ove on Wed Feb 28th, 2007 at 07:27:39 PM EST
[ Parent ]
imho this is an excellent point.  I know people making well over $150,000 a year and complaining about how they can't save a thing.  
And I know others making $10 an hour that are consistently saving, "maxing their 401k", a great US savings and investment plan, and they are going to have a wonderful retirement.  The trick is really pretty simple.  If you are making $10 an hour, there is someone else making $9 an hour--so live as though you make $9 an hour, and invest the other $1.  do that from your first job at 18 or 21 until you retire at 65.  In the US you're going to get an OK pension, social security (in Europe perhaps the pensions are even better), and supplement that with those saved dollars and you'll do pretty well.  Someone that does this is likely to be the same kind of person that works hard, gets promoted, makes more money over time and voila.  They also may work for a company with a 401k match plan, et encore, voila.

many of those who say they only spend money on food, housing etc,,,,just don't have this discipline.  and don't look where they really are spending their money--eating out, TV's, wine and beer, etc.

by wchurchill on Fri Mar 2nd, 2007 at 08:22:25 PM EST
[ Parent ]
You talk about discipline.  I would talk about the reification of money.  You are right: in a money world, your first thought should be to money.  So "TV's, wine and beer, etc..." are....wasted money.  Because they show no monetary return.  As long as "monetary return" is the key value of a spend...an investment...

This evening I invested in beer...and got back...well...

Things that money can't measure...easily...


Don't fight forces, use them R. Buckminster Fuller.

by rg (leopold dot lepster at google mail dot com) on Fri Mar 2nd, 2007 at 09:22:20 PM EST
[ Parent ]
I love my wine too, and there is certainly more to our lives than money.  I was just trying to make the point that each of us, based on our income level, has choices about how to allocate their money.  And for most of us one of those allocations should, imo, consider how we will take care of ourselves and our partner in our old age, so we continue to have an enjoyable finish to our lives without being a burden on our children financially.  my experience is that many don't use a certain amount of good judgement to make that happen, complaining that they just don't make enough money--which is a copout often, not admitting that they just made different choices.
by wchurchill on Fri Mar 2nd, 2007 at 10:29:39 PM EST
[ Parent ]
I think....

that there should be two things society offers to the humans within it:

1) Protection in old age independent of material resources.

If you have known someone die young, you'll know that getting there...to old age...is an achievement.  

If those rich people have lots of money, then design a system that encourages them to give it up and out...

Taking it away from the dead, for example.  (Hand everything over to your kids when you hit sixty!  What?  You don't trust them?  Well you f***ed up!  The state will take it all.  Don't have kids?  Invest in local businesses...hand it out!  Society will protect the old! )

There is the first mantra: Our society will protect the old.

Second:

"If you are sick you will get the best care possible.  Money will not be an issue."

You smoke?  You get the same treatment.

You're overweight?  You get the same treatment.

You're rich?  You get the same treatment.

You're poor?  You get the same treatment.

Society will look after the sick.

Making fallible (oh so!) humans responsible for looking after a concept as abstract as money...through the years...because otherwise...no care in old age!  No care when you're sick!

I think that is wrongheaded, because it says:

Society doesn't care about you.  It only cares about your money.

Well, that's not quite my point.  I think...well...if you're interested, there could be a good debate about how individuals with money can spread it wisely...questions about that word: "wisely"...

But I never doubt your good heart, wchurchill.  

What I doubt is your sense of...how the world is constructed.  And mine too!

Just one example:

At Mirror newspapers in England, a load of people got shafted over their pensions.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2001/04/01/cnimro01.xml

..as an example.  The workers did the best by what they were told...and got shafted...by some rich git.

I think, yes, people need to consider more, but not...money.

But we come from different areas in this regard.  But seriously, I think a good discussion could be had.

And I will soon have some music that might...well...financing...

heh heh...

Money is a means....and if I can get the ends without money...all the better!

That's my--sort of--take.  Good to read your reply!

Don't fight forces, use them R. Buckminster Fuller.

by rg (leopold dot lepster at google mail dot com) on Sat Mar 3rd, 2007 at 04:22:49 PM EST
[ Parent ]
I'm afraid I miss comments some times.  And as usual you raise excellent, but difficult, points.
1) Protection in old age independent of material resources,,,,,,,If you are sick you will get the best care possible.  Money will not be an issue."

You smoke?  You get the same treatment.

You're overweight?  You get the same treatment.

But how do you handle situations of scarcity.  Mickey Mantle, a US baseball player, was a hero of many Americans.  But he couldn't handle the booze.  When his liver gave out, he was put on a waiting list that due to his drinking and his age put him at the bottom.  How do you handle situations like that?

I would easily agree that there is a certain level of care that everyone in old age should have.  But is there no reward for those that have managed their lives better than Mickey?

Taking it away from the dead, for example.  (Hand everything over to your kids when you hit sixty!  What?  You don't trust them?  Well you f***ed up!  The state will take it all.  Don't have kids?  Invest in local businesses...hand it out!  Society will protect the old! )
not sure where you were headed here, but I'm not for the rich keeping their money to themselves, or handing it down to their kids.  Sure, a little is fine.  Keeping the family farm, or the family home, maybe even more than one home,,,fine.  But I don't think it's healthy to be a "trust child"--that's a new term for me I just heard a year ago.  It's sick, imo.

At Mirror newspapers in England, a load of people got shafted over their pensions.
If I understand your referenced Telegraph article correctly, Maxwell should be in jail.  Am I missing something?  Enron executives are in jail, or in the case of the CEO had a heart attack (that looked a lot like suicide before going to jail), and there are a number of cases of senior execs being in jail because of wrong doings.  (I might add no cases in the newspapers of the other 99% of senior execs not being in jail because of right doings.)

As you suggest in your comments, money is far from everything in our world.

by wchurchill on Sun Mar 4th, 2007 at 03:07:51 AM EST
[ Parent ]
Just one point:

But is there no reward for those that have managed their lives better than Mickey?

I think...those who have managed their lives well have...their lives as their reward...

...maybe there's something here (not sure...): the idea of a reward in the future for...hmmm...you know, planting the best seeds so the next crop will be bigger vs. eating the best seeds so the next crop will be weaker...

And yes, I suppose scarcity leads to decision making...but the richest countries in the world...well...hmmm...I suppose I think sickness and infirmity should not be punished, no matter what the causes.  (The victorians had the idea of the "deserving" and "undeserving" poor...I think society got...healthier...when, after WWII a socialist govt. banished this...meme...and replaced it with...what was it?  The four evils...ah, I have googled and the evils were five.

Three years later, Ernest Bevin, Minister of Labour, asked him to look into existing schemes of social security, which had grown up haphazardly, and make recommendations. In 1941, the government ordered a report on how Britain should be rebuilt after World War II; Beveridge was an obvious choice to take charge.

The Report to the Parliament on Social Insurance and Allied Services was published in 1942. It proposed that all people of working age should pay a weekly national insurance contribution. In return, benefits would be paid to people who were sick, unemployed, retired or widowed. Beveridge argued that this system would provide a minimum standard of living "below which no one should be allowed to fall".

Recommended that the government should find ways of fighting the five 'Giant Evils' of Want, Disease, Ignorance, Squalor and Idleness. This led to the setting up of the modern Welfare State (the culmination of the Fabians' project) with a National Health Service (NHS)

http://en.wikipedia.org/wiki/William_Beveridge

(Don't worry about the delay replying...I'm off and on the computer at all kinds of strange hours at the moment...)

Don't fight forces, use them R. Buckminster Fuller.

by rg (leopold dot lepster at google mail dot com) on Sun Mar 4th, 2007 at 06:23:46 AM EST
[ Parent ]
I think what I'm struggling with here is how do you handle situations where for one reason or another, everyone can't get all the necessary healthcare.  Mickey's example in particular is a pretty good one, because there was not, and I think still is not, anything like an artificial liver.  and you die without a liver (little outside my clinical depth here, but I think that is true).  So Mickey, probably more due to his age, was low on the list to get livers as they became available from people who died--younger people got them.  (actually, maybe he got one and his body rejected it and he couldn't get a second).  but anyway, this is one form of the need for rationing.

Another reason for rationing is cost.  If artificial hearts continue to come along and become practical (outside my depth again, but I've read of some initial clinical trials), I doubt if as the baby boomers age in the US, and same phenom in EU, that either system will be able to afford to give a heart to everyone that needs one.  This will certainly be true in the early days after approval as costs are bound to be high--overtime maybe they'll come down.  so how does one handle that one?  some approaches would be;
o  everybody or nobody
o  a lottery
o  rationed based upon age and maybe other overall health determinants--ie don't give it to someone with terminal cancer that has 3 months left anyway.  or ration based on "qualies", a system developed primarily in the UK
o  have various levels of health insurance, so that some could choose to buy more expensive health insurance that would cover more and more expensive technologies.
o  I think in the above case, you would find charities forming to help families in particularly difficult situations.

the higher price for insurance policies doesn't have a great feel to it, in the benefit the rich sense.  But it would also allow many people to make choices with how they spend their money--keep that car for 10 years instead of 5, and buy a higher level of health insurance, etc., etc.  But the French healthcare system seems to have this concept, where higher levels of insurance are paid for.  In the US it could have the advantage of getting everyone insured at a basic level, and maybe that level could be pretty high.  

by wchurchill on Sun Mar 4th, 2007 at 07:22:20 PM EST
[ Parent ]

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