Quote: (06-08-2014 06:38 PM)Icarus Wrote:
You would probably enjoy reading Michael O. Church's blog:
Interesting read (though a bit short on the proposed alternative), will dig into the blog's other articles, thanks!
Edit: I agree to a large extent with his 2011 stance on the matter, for example:
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As a libertarian socialist, I believe that government should provide a basic income (of about half the per-capita GDP) and safety net in order to eliminate poverty. I would argue that the basic income should be provided to all people, so that a person’s income is a monotonic function of wages earned. (That is, there isn’t the “welfare valley” in which a person’s income drops when going from welfare to entry-level work.)
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In a libertarian socialist system, the right of free enterprise is recognized as long as it does not impinge on others’ rights, including a fair society and a clean environment. Now that being fired is an inconvenience but not a disaster, companies can be allowed to hire and fire at will. There’s a floor on economic well-being but no ceiling, as I honestly can’t see a good reason why the genuinely most productive people shouldn’t be given huge rewards. What I don’t like is seeing a class of generally untalented and ineffectual people given huge rewards just because of where they were born, and I especially don’t like the fact that these enormous rewards enable their arrogance and lead them to destroy everything, as we observed in the financial meltdown of 2008.