• Krafty Kactus@sopuli.xyzEnglish
    0·
    10 months ago

    I may have misread the end of your comment but are you implying that a market can exist without private property?

    • J Lou@mastodon.social
      0·
      10 months ago

      A market can exist without private property by having capital be collectively owned and continuously up for auction to the highest bidder. Basically, each holder of means of production self-assess the price at which they would be willing to turn over that capital to another party, they pay a lease payment based on a percentage of that self-assessed price, and if someone comes along willing to pay that self-assessed price, require that they turn it over to that party

        • J Lou@mastodon.social
          2·
          10 months ago

          In what I described, the differences are:

          1. Buyers can compel current holders to transfer the asset to them if they pay enough. This reduces the power of capital holders.
          2. All self-assessed prices of all capital are public
          3. A large portion of the value of capital flows into a collective fund

          @microblogmemes