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Abolishing capitalism pre-distributes wealth so that people don’t become billionaires in the first place. 100% land value tax encourages efficient use of
This part. Having employee owned corporations doesn’t abolish capitalism completely. Although, I agree that it would be awesome.
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There has never been a worker-cooperative-dominated market economy, but actually existing worker coops and employee-owned corporations don’t seem to create billionaires, and have more equitable distribution of wages.
Why does mandating all firms to be worker coops not abolish capitalism in your view?
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I would suggest looking into what capitalism is before we have that conversation.