Capitalism’s defining institutions are

1. The employer-employee contract
2. Private ownership of the means of production
3. Private property in land

The alternative to capitalism I propose, Georgist economic democracy, abolishes 1 and 3. 2 continues formally but there is widespread collective ownership of the means of production. Markets continue to exist to help coordinate production and allocate resources. Many defenders of capitalism incorrectly conflate capitalism with markets @general

What do you mean by capitalism? @general

Worker co-ops don’t necessarily have full worker ownership of the means of production because a worker coop can lease means of production from a third party. It is not socialist. Nor do I mean to suggest it is capitalist. It can’t be capitalism as it has no capitalists as you correctly point out. Since you recognize that it is technically correct to say a worker co-op market economy has private property, you recognize

Capitalism ≠ private property @asklemmy

When I said capitalists there I meant liberal defenders of capitalism.

A market economy of worker coops has private property, so can’t be socialist. Market socialism is a misnomer and unnecessarily associates with a label people already have preconceived notions about @asklemmy

The normative basis of private property, which capitalists claim to adhere to, is people’s inalienable right to appropriate the positive and negative fruits of their labor. Capitalism routinely violates this principle in the employment contract. Satisfying the principles of private property would require that all firms be worker cooperatives. The principles of liberalism imply anti-capitalism. It is entirely compatible to be a liberal and an anti-capitalist @asklemmy

Many liberals are anti-worker, but the political philosophy of liberalism is not inherently anti-worker. Liberal anti-capitalists like David Ellerman illustrate this using liberal principles of justice to argue for a universal inalienable right to workers’ self-management and abolition of the employer-employee relationship @asklemmy

Being anti-capitalist doesn’t immediately imply being a communist. There are other alternatives to capitalism such as Economic Democracy.

This is also a straw man fallacy

I disagree. There are plenty of examples of liberal anti-capitalists such as David Ellerman

After capitalism,

1. All firms should be democratic worker coops. The legal system would recognize the inalienable right to workers’ control.
2. Land and natural resources should be collectively owned with revenue from private use of this collective property going out as a UBI. The atmosphere is included and any carbon fees are included.
3. Pools of collectivized capital democratically controlled by workers in member worker coops. Each worker coop leases all its capital from the pool

Common ownership of the means of production would provide a lot of revenue that could be used for healthcare. Therefore, without capitalism, this would be easier @news

I would have 100% of voting shares be inalienably attached to all workers in the firm. Non-voting preferred stock can continue to be free floating property rights @canada

The left isn’t necessarily opposed to ownership or freedom to trade. Nor is capitalism just freedom to trade. Capitalism is a set of exploitative property relations based on a fake contract (the employer-employee contract). In this contract, the legal responsibility for the entire result of production is assigned to the employer despite the workers’ joint de facto responsibility for that result. This violates the basic tenet that legal and de facto responsibility match

Capitalism is the opposite of democracy. In a capitalist firm, the managers are not accountable to the governed (i.e. workers). The employer is not a delegate of the workers. They manage the company in their own name not in the workers’ name. Managers do not have to have dictatorial control. It is entirely possible to have management be democratically accountable to the workers they govern as in a worker cooperative.

Capitalism v. Communism is a false dilemma. There are other options.

Capitalism is not just when the means of production are owned by individuals. For example, in an economy where all firms are democratically-controlled by the people that work in them, the means of production can be owned by individuals, but such an economy is not capitalist because exploitative property relations associated with capitalism are abolished

Socialism is not when the government does stuff, so those institutions are not examples of socialism. Anti-capitalists are arguing for the complete abolition of exploitative capitalist property relations that violate workers’ human rights.

This is a false dilemma. There are other alternatives to capitalism besides communism. It is entirely possible to have a non-capitalist non-communist system (e.g. an economy where every firm is democratically-controlled by the people that work in it)

This understanding of capitalism is a misunderstanding that both Marxists and neoclassical types share. It is not capital ownership that gives the employer the right to appropriate a firm’s whole product. The employment contract is what gives them that right. Sure, capital ownership affects bargaining power, but the root cause is that contract. Abolishing the employment contract while still having individual ownership is possible (i.e. a market economy of worker coops)

I wish there were more philosophy related communities

Capitalism and markets
Anticapitalist views became compelling to me from the analogy between the state’s governance and the governance of the firm. The contrast between the (officially) democratic nature of the state and the complete autocracy of private companies worried me. I was initially a market abolitionist when I become an anti-capitalist, but I found no sound explanation for how such an economy would work.

Now I am a pro-market anti-capitalist, an unusual position on the left

LVT taxes the unimproved value of land, so we are talking about land itself not what is built on top of it such as housing. Since land is a product of nature, the supply of it is perfectly inelastic

LVT taxing the empty lot next door at the same rate as a multimillion dollar hotel is exactly what makes it so efficiency enhancing because it give land owners economic incentives to use their land productively rather than just holding it and waiting for it to appreciate in value. With LVT, prices would exclude the value of the land.

LVT can be combined with other policies and taxes. You have to look at the whole package of policies to determine progressivity. LVT+UBI is progressive