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Four Horsemen Page #10
- NOT RATED
- Year:
- 2012
- 97 min
- 1,835 Views
on the free lunch of land value
and on what John Stewart Mill called
the unearned increment
The income that landlords made
Who made oil in the ground? Coal or iron ore?
These are things which are not
Of course extracting them is,
and so the rents from natural resources
are a wonderful source of taxation
nobody made them so,
and when you do tax them,
you cause all of us to use them more efficiently
so this seems like to be an excellent thing to tax
Rather than labour and capital
If the governments used this land site value
that is supplied by nature,
not by human labour.
not by a personal enterprise
then the government would not have to tax
wages in the form of income tax
it wouldn't have to imply sales tax
that add to the price of doing bussiness
and it wouldn't have to add the
proliferation of business taxes
This tax system advocated by all of
the classical economists
would begin to address global poverty
as it would allow citicens in developing countries
In developed countries it would begin to address
our housing and debt crisis
and unleash the kind of entrepeneurship
needed to refloat our economies
perhaps we should also resurrect
another timeless principle for workers
that was promoted during the industrial revolution
The idea that people who work in a plant
ought to own it
is just deeply built in to working class culture
so right around here at the early industrial revolution
in the late 19'th century the working people
simply took for granted
that yes of course the workers
should own the mills in which they work
anything else is an
attack on their fundamental rights as free citizens
They also took for granted
that wage labour is hardly different from slavery
it's different only because it's temporary
then you can be free
one of the ways to be free is
by owning your own plant
That was not an exotic view,
that was Abraham Lincolns view
In fact,
it was a principle of the republican party
in the late 19'th century
It has taken a lot of effort
to drive these ideas out of peoples heads
but they're still there and they are very relevant
It was the greek philosopher Plato
who said the ratio of earnings
between the highest and the lowest payed
employee in any organisation
should be no more than 6 to 1
In 1923 banker J.P. Morgan declared
no more than 20 to 1 was optimum
Yet todays salary differences between
the top and bottom earners in global corporations
can be higher than 500 or a 1000 to 1
When you're up in the range of 500 to 1 inequality
the rich and the poor almost become
different species
no longer members of the same community
Commonality of interrest is lost
and so it's difficult to form community
and to have good friendly relationships across
class differences that are that large
When the public do vent their outrage
at inappropriate earnings
the common defence is to move the debate to
the psychological realm
and quote Mecurial Brittish economist
Herbert Spencer
He coined the phrase; survival of the fittest.
And his words are now used to justify excess
competition in business is a good thing
but the playingfield must be level.
Monopolists have to much because
the system they game is rigged
Under the current economic setup
the fittnes of the vast majority of
the worlds population
is irrellevant.
Those that are made to pay for this crisis
are not those that have caused it
But those who caused it for survival
will no doubt try to marginalise
this film as socialist
or even marxist
I'm a capitalist, I am a businessperson
I believe in the basic principles
that's why I am completely appalled by seeing
these principles destroyed by monarchs,
monopolists
who are totally destroying the system
from within on Wall Street
And this is completely unacceptable
I'm a capitalist, I think capitalism can do it
It's not a question of getting rid of the capitalism
It's a question of getting rid of this terrible
form of capitalism
Capitalism, more broadly understood as
market economy
not only has a future
I can't see any other future in the world without it
But the question is; what kind of capitalism?
What kind of market economy?
A system of reformed capitalism,
built on independent money
a tax system based on consumtion, not income
would begin to build an economy
that's not dependent on
constant growth to service it's debt
We've endured the so called free market
for centuries
but far from being free,
it has led us to destroy nature and
eachother in a vain attempt to progress.
It's absolutely ludicrus to suggest
that some of these scientifically
defined boundaries of the market
and then scientists of the free market economy
wants you to believe
Once that they convince you of that
and claim that they have the truth
because they are PHD's in economics,
then they can tell you whatever they want
And then you'll have to accept it
But that's the way that we have to take
these guys on
Politics is about drawing the boundary
of the market
all other things have been taken
out of the market over the last 2 or 3 centuries
2 or 3 centuries ago you could
child labour
a lot of things that you
couldn't imagine to buy and sell today
So over time we have redrawn this boundary
redrawing the boundaries again
Things that we're concidered
absolutely reasonable in the 1850's like
selling any chemical on the streetcorner
telling you it's a pharmaceutical drug
and it would be good for you
things like that we're absolutely
common place then
are now serious criminal offences
The same thing would be true of
active money management in a hundred years
The breakdown we saw in the great depression
and wittnessed again at the
beginning of the 21st century
occured because; in the name of growth
much was taken out of the system
by those who contribute very little
Multinational corporates and banks
will always want to grow without
having to compensate
those people who actually
do the work to produce the surplus
In the past, everytime to much was taken
by those who contributed little
People rose up to halt
the violent practices enacted by
a tangible enemy
Today the question is
with such a formless enemy pervading
every element of
our economic and democratic process,
can it be done again?
Of course it can be done again, it's a cycle
I mean we're not debt pions
we're maybe rats running around in a little wheel
in somebodys big cage somwhere
Finance rises, finance becomes organised,
you make a lot of money in banking,
it's easy to go out and buy politicians
but the essence of democracy,
the essence of american democracy,
is this repeated confrontation
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