99.9% of all institutions in my life are at best feudal orders, run by aristocrats so far removed from my life that they wouldn’t even know how to survive without their armies of servants, nannies, and assistants. Democracy needs to extend beyond the state. Democracy must be present in every part of our society, or it will, as it has now, inevitably become nothing more than another oligarchy for and by the rich.
Recommended readings:
Pedagogy of the Oppressed by Paulo Freire.
Wretched of the Earth by Frantz Fanon.
Bullshit Jobs by David Graeber.
Blackshirts and Reds by Michael Parenti.
Neocolonialism by Kwame Nkrumah.
Anarchism and other Essays by Emma Goldman.
Recommendations from the comments:
/u/BallShapedMan - The Dictator’s Handbook by by Bruce Bueno de Mesquita and Alastair Smith
If workers benefitted from the profits of their own industry, they would have similar motives as capitalists have to maximize efficiency, if not more so. If turning a profit meant they benefitted, they would attempt to make the more stuff for less work. This would avoid the squeezing of workers to improve efficiency while also giving the workers an incentive to not have too many people in their industry. They would tend towards having as few workers as necessary in order to make them earn a larger cut of the profit. If they have too many workers, people would leave to other industries or companies that have better wages, stabilizing the wage of the original industry or company.
The main issue that would arise would stem more from unions having an effective monopoly on an industry. They would organize like a cartel to lower quality and stifle innovation. Monopoly is what would lead to what you describe, not who has a say in how things are run. Capitalism already tends towards monopoly, and so would an industry wide union.
A strategy that could address those issues would be banning all non worker owned businesses while also enforcing anti trust laws and promoting competitive markets. This would happen at the same time as the government having an exponential progressive wealth tax and income tax. Stocks would be taxed and converted into a national capital stock that would then be distributed evenly to citizens. A certain amount of this national stock would not be taxed, depending on things such as how much capital exists in the country. If a new company wanted capital to fund their business, they'd have to appeal directly to individuals to use their capital, or appeal to a regulated agency that handles other people's capital for certain uses.
Of course, basic human needs would be socialized, including things such as: healthcare, housing, food, water, protection, and other things critical to survival. The more critical the need, the more support it'll get from the government.
Objections to a plan like this such as "people can't be exceptional" are shallow and weak. You can still become famous, rich, or powerful, but not without the support of others. You can control an entire large company, but if you stop serving the interests of the workers or the members of the public that invested their capital in you, then you'll get replaced. You can earn a ton of income from being a valuable worker, but only so much of that income can be horded like a fucking dragon. No single individual could own an overly opulent mansion or superyacht, but they could rent it for some time if they have a high enough income and liquidate some of their capital.
The way workers benefit is by cheaper goods and the fact they have a job because they aren't out competed by other countries.
Also a lot of the other stuff I strongly agree with.
Just I think it needs to happen with capitalism. Everything else is far too inefficient.
Cheaper goods don't matter when you're forced to work in unpleasant or even dangerous conditions. No amount of dirt cheap goods can make up for that suffering.
Competition with other countries is a problem. However, this would also be a problem with any workers rights laws in any country. This competition would also have the effect of forcing worker owned businesses to innovate or be out competed. They would need to increase automation to increase efficiency or increase quality to have their industry out compete those where this system isn't in place. There's only so much you can lower working conditions or pay until there are demands for better conditions or a better system. Eventually, the efforts to suppress an unhappy populace will cost more than paying workers more or redistributing wealth. The end goal is to create the most sustainable, wealthy, and happy system possible to outlast opposition.
The real Achilles heel of this plan is that the rich won't want to give up a dime, and there will need to be tremendous popular support. It'll also require amending property rights, as many have the erroneous assumption that property necessary for survival and achieving a reasonable level of security and happiness is just as worthy of protection as a billionaire's superyachts. This would be a huge change in how the law thinks of human rights, and it will not happen unless a lot of things change first.
Capitalism as is doesn't work. We need to bend it, or it'll break us. Efficiency, the economy, even the government only matter and only have value in the capacity to which they serve us. If the economy or the government isn't serving someone's self interest, they have every reason and every right to demand change. We need to bend these non human systems until they serve everybody.
Capitalism works it's politics that doesn't. That's what needs changing.
Just look at places like Sweden pre 2015. Capitalist country. Very happy place. Great place to live.
Capitalism working.