Have you thought that there might be a new type of economics that is much needed in our world today, other than the profit motive? And if so what type of system would be good for our world today? Would this new suggestion(s) be able to prevent the current and regular financial collapse that is going on Wall street and around many parts of the world today?
What about an economic system with little emphasis on profitability?
What about a system that penalize jobs out sourcing and rewards localization of jobs?
What about big corporations providing more and more public services usually left for government to do?
Look at it from the perspective of how the churches provide education at many levels including from primary to tertiary and still do so to this day in an excellent manner. Of course education has also been supplemented by the government as well. Thus it is possible for government and private institutions to cooperate and work together.
What about corporations using 40% of their profitability for development of communities, pay 40 % of it as taxes and reward shareholders 20% of its profitability?
Think about this.
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4 comments:
what if we lived in a world where everyone is a billionaire and everyone wants to contribute to society and there are no economic problems and there is no government, in a world where corporations give 90%+ of their profits towards public services? Thinking about a variation to Capitalism is one thing but thinking about a more effective way to recover from a Capitalistic-economic downfall is more realistic way of thinking.
We know it is not possible for everyone to be a billionaire. We also know the masses are in poverty. We know the existing systems of governance has failed miserably. What therefore are the alternatives to what we currently have?
Thanks for your comment. Very interesting perspective.
How can these corporations be expected to give up some of their profit when they themselves are struggling? They are going bankrupt by the minute. Profit is not much anymore.
The greed for profit is taking us down a path of disaster and failure. The idea of capping the profit is a new one. It ought to be explored.
The bottom line is: instead of one man or just a few taking 90 % of the benefits from any one organization, the state will or country will benefit from that amount and hopefully would use it wisely thereby providing services and other jobs to the masses.
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