“The Alternative to Capitalism” is a direction I’d like to see the world going towards. I believe in freedom, but an inherent flaw with capitalism is that even if everyone started equally, the system would eventually evolve into a feudal society, which is what we are currently fast approaching. If all companies were cooperative, it would likely mitigate this flaw in capitalism while maintaining all the benefits. Plus, why shouldn’t workers be allowed a share in company performance? I liken it to a house. Building a house requires hiring workers. Those workers will earn their wages for the job and move on while the owner contributed only the capital and did very little work. Yet it is the owner that gets to profit off the earnings that house provides for the life of the house. Doesn’t seem very fair to me.
That being said, we are at a point in society where money shouldn’t even need to exist. Before watching the Noam Chomsky video, reading the title only, my mind instantly thought of The Venus Project that was first introduced to me via the documentary: “Zeitgeist: Moving Forward.” Rejecting all the usual scapegoats for society’s many problems, the film makes a convincing argument that resource ownership and money are the reasons. We are now advanced enough that, if we simply stopped fighting automation, we could have machines take care of every human need for the entire population. Humans would no longer have to earn their keep and therefore should be completely in favor of resource sharing. That is the alternative to capitalism I would like to see.