Can we as a society organize and innovate without billionaires? Even China changed their economy to make them possible.
Right now, writers are on strike. Hollywood workers could invest their time, make movies, and get paid afterwards. But instead, it takes people with money to do the funding.
How should big sums of money be managed? Bureaucrats work to a certain extend but hardly innovate. Which structure could ask a million people to invest a thousand dollars each and offer ethical profits?
Billionaires don’t innovate, it’s the engineers/scientists/workers in their payroll.
Engineers, scientists and workers need an environment that allows them to innovate. How can we create such an environment without billionaires? Somebody mentioned kickstarter. What is missing that small investors make billionaires irrelevant?
It boils down to abolishing private ownership of the means of production. The fruits of labour of society must belong to society, not just a handful of people that have been inheriting wealth generation after generation.
Does it have to be exclusive? Society right now can own means of production. Cooperatives, joined-stock cooperations or foundations could be used to hold ownership and the fruits of labor could be shared.
If the majority is not willing to organize labor right now, who could take over the role of billionaires without abusing their position of power?
Kickstarter
how should big sums of money be managed
By giving them to me.
Let’s imagine that this is not a joke. What do you need to get going besides the money?
Let’s not.
