However, if I wish to improve my situation and join these ranks, as an individual investor I can invest my money in hopes of greater returns and build upon that.
If you have no money you can't invest. This is what i'm trying to get away from.
In the situation you are advocating, one would have to be a credit union to invest their own money.
I'm not saying that at all, i was just mentioning credit unions as a form of investment along with standard bank loans and the tobin tax. i would never assume to put controls on what most individuals can invest (businesses might be controlled).
One only needs to take a look at some of the sketchier "charities" (and the people benefiting at the top) now that operate without the profit motive to see that the presence or absence of a profit motive does not guarantee justice.
I would say that these are in the very small majority. Unless you have some figures.
Or were you not talking about investing and meant something else?
When I talk about investing I mean putting money into an individual/organisation. I make no assumptions on making a profit out of an investment. For instance if a person pays for (or for part of) a school to the local community then i would call that 'investing in the local community'.
It would be beneficial to invest in a company knowing you are going to get your money back and your costs lowered.
By that logic, rather than dealing with coops, the banks would be better off funding each individual to mine their piece of the hill.
I have stated previously the assumption that small businesses (let alone individuals) would not be able to be able to have the resources to set up an extraction facility and that instead of large corporations taking over (with the money going abroad) it would be better to have a co-operative of workers.
I have also previously stated that there would be one co-operative per deposit.
One only need to look at the current state of the telecommunication industry to see what this is like.
i'm sure there was government interference in the current state of the telecoms industry, for instance bt used to be a nationalised industry recently it has been forced to open up to competition, but is still a virtual monopoly.
also, if current industry is already like that with the profits not going to the workers then wouldn't a system where the profits go to the workers be better?
I contest your point about prices racing down. If this is bound to happen in a capitalist system then why is it not happening now? as efficiency is increased, you can produce more, which you can sell for cheaper and sell more because it is cheaper. admittedly this can't happen forever but the alternative is price fixing structures (an extreme example being like in the ex-USSR), is that what you are advocating?
I too agree that competition isn't the panacea (there is a lot to say for co-operation) but how can there be benefit in a lot of small companies without competition?
I think we may be talking at cross-purposes. Are you advocating the current system?
Also, another question I have been wondering about: why is land worth more in some countries and less in others?
"Let us kill the English, their concept of individual rights might undermine the power of our beloved tyrants!!" - Lisa Simpson [ -1.50 / -7.74]
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