Hi all,
Another approach to an income for all:
I once made the simple extrapolation that, if the decision to automate remains
the prerogative of individual firms, then the collective result may eventually
be a totally automated economy (a version of "The Tragedy of the Commons)!
With noone having a job then who will buy the output (shades of Reuther)?
Having read Louis O. Kelso and Mortimer J. Adler, The Capitalist Manifesto,
and Peter F. Drucker, The Pension Fund Revolution, I wondered whether all
people should be shareholders with government, if necessary, buying shares on
their behalf.
Now has appeared Jeff Gates's book, The Ownership Solution, detailing such an
approach. <http://www.ownershipsolution.com/>
Whereas Tom Lunde's essay, Basic Income, seems to rely on government to issue
and control funds, the solution envisioned by Gates relies on the operation of
business firms through ESOPs (Employee Stock Ownership Plans) and variants
including other stakeholders, consumers, local communities, etc.
Bob
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