This article clearly presents how to create good capitalism.
Capitalism is a social system in which private individuals or entities control the means of production. The primary issue with capitalism is that it has established capital as the sole measure of value, resulting in the suffering of both people and nature. It must be regulated. I have proposed here a simpler and more efficient regulation than we have today, which would transform capitalism into a decent social system.
Karl Marx wrote one of the most distinguished descriptions and criticisms of capitalism. His strongest accusation against capitalism was the exploitation of workers. He was right about it. According to Marx, free-market capitalism exploits workers. In this statement, he made a fundamental scientific mistake.
Unemployment creates exploitation of workers. All of the exploitation of workers has its origin in unemployment. Private employers favour unemployment because unemployed workers have to accept poorly paid jobs to support their families, and on top of that, they live in fear of losing their jobs. A higher unemployment rate produces cheaper labour and bigger profits for employers.
Capitalists have ensured the exploitation of workers by corrupting politicians, science, and the media. Corrupted politicians helped employers maintain unemployment through political decisions, while corrupted science and media helped employers conceal an escape from exploitation. Today, the elite control everything people hear, see or know. They control people's thoughts, rendering them incapable of escaping a poor life. This is how capitalism has become a terrible system.
To escape from bad capitalism and the control of the elite, people need to distance themselves from the knowledge that authorities have imposed throughout human history. I did it and discovered that equal human rights will solve all social problems. I've developed a comprehensive philosophy centred on equal human rights, which will transform the world and pave the way for a brighter future for humankind. Two simple regulations based on equal human rights will make capitalism a decent social system.
Full employment
Equal rights among people require that everyone has the right to work. This is, in theory, a highly developed right, but in practice, unemployment remains a common occurrence. Shortening working hours proportionally to the unemployment rate will help hire unemployed workers. The elimination of unemployment will increase the demand for workers in the free market, and workers' salaries will rise. Workers will be able to purchase more, the economy will grow, and society will prosper.
History proved this in the 14th Century when the Black Death killed one-third of the European population. The shortage of servants, craftsmen, and workmen, and of agricultural workers and labourers, left a great many lords and people without service and attendance. Suddenly, workers and their labour were in much higher demand, which increased their wages two to three times in one year.
According to this historical example, if a political party wins an election by offering a reduction in work to 5 hours per day, the lack of workers would most likely increase the lowest workers' salaries by 2-3 times per hour in one year. The minimum daily wages of workers would rise 30-90% for just a 5-hour shift. People need to unite behind shorter work hours to eliminate exploitation in capitalism. Nothing else is required to solve society's economic problems. Shorter work hours will reduce the salary disparity and bring greater economic justice. I wrote more about it in the article. Full Employment Is a Turning Point of Capitalism.
Democratic anarchy
We also need to develop democracy. Equal human rights primarily include the right of all people to participate equally in the decision-making processes on all issues of common interest in society. This right is partially implemented through the process of democracy; however, democracy is not efficient enough in meeting the needs of the people. Besides, no democracy has ever been able to support the needs of individuals, so they cannot be satisfied.
By being aware of this, I have created a new form of democracy that will successfully represent the needs of every individual and society as a whole. The future of democracy will not be based on voting for individuals anymore, but rather on evaluating the people, which I call democratic anarchy.
Let each person get an equal right to evaluate several people positively or negatively each month. Each positive evaluation will result in a small award for the assessed person, and each negative evaluation will result in a small punishment. Democratic anarchy will direct every person in society to respect the needs of others, to create the highest possible advantages for the community, and to reduce or eliminate the creation of any forms of disadvantage. People will become valuable to people, and this will result in harmonious and constructive social relations. It will build a good society. I thoroughly explained it in the article Democratic Anarchy is the Future of Democracy.
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To make good capitalism more understandable to people, I also presented it in the screenplay 'Good Capitalism' through a story, hoping that the screenplay will one day contribute to the faster development of good capitalism. Once society accepts the simple measures I have proposed here, a bright future for humankind will begin.
Continues to Good Socialism.