Comparing Capitalism & ParEcon Income Distribution
What range of incomes exist in an economy, from top to bottom, and how many inhabit each level? This page compares Capitalist and Parecon implications for Income Distribution.
“Le Depart pour Le Travail”
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“A Sunflower from Maggie”
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Introducing Capitalist
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Introducing ParEcon
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Evaluating Capitalist Income DistributionAs with other features of capitalism, if we have some kind of grotesquely elitist and jaundiced view of the human species, capitalism should get high marks. It accords well. If we think that humans are entitled to a dignified existence of mutual equity and comparable access to the means of fulfillment, then capitalism should be regarded as a blight on history and humanity. It all depends on our values and aspirations, needless to say.
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Evaluating ParEcon Income DistributionIn a parecon, income is a function of time spent doing socially valued work, with accommodation for intensity and, if relevant, onerousness of the labor. The range of income is therefore quite modest. One can only work so many more hours than someone else, or so much more intensely than someone else. You can’t earn 10,000 times others, 1,000 times others, a hundred times others, even ten or five times others, etc. And what you do earn no one has reason to feel is unjust, as they could easily do likewise. The only variation in income, in other words, is by self choice according to norms and with opportunity that is equal for all. |
Next Entry: Comparing Regarding Wealth |