Richard Wolff has made the idea of a self-owned labor force easy to understand, something that can be perceived as complicated, but yet essential to everyone's life, can be easily understood in less than two minutes.
Please check it out here
, then read the rest of this article. After viewing the video above
, you either understand the benefits of a Workers Self Directed Enterprise, and how it can help reduce or eliminate our giant bureaucracy, distribute wealth more equally, reduce our welfare state, while increasing all of our personal freedoms and liberties...
Or you think Richard Woff, myself, and anyone else in agreeance with the video's premise is a socialist, anti-capitalist, communist, collectivist, and so on and so forth.
A self-owned labor force or what Richard Wolff refers to as, Workers Self Directed Enterprises, is the only way I know that will allow a laborer to be in ownership of her/his labor, and the only way to get closer to a truly voluntary workforce.
Workers Self Directed Enterprises are also the only way I know of to end our current welfare state (created from wage labor sustained by coercive taxation). In a Workers Self Directed horizontal economy, we are not robbing the majority of workers to their fair share of wages and ownership over the products and services their labor produces, like we do in a vertical capitalistic structure.
Being in ownership over the means of production and the products and services produced by those means, enable a laborer to sustain off her/his labor for the entirety of their life, instead of ending up at the mercy of social security and government programs (Medicaid/Medicare) in order to survive.
In our current system, profits go to the owners, which get split amongst a few people and majority shareholders. The laborers wealth has been stolen, as only a small fraction is returned to them to keep them barely self-sufficient, at least enough to make it back to work the next day so they can further enrich the small owner class they labor for.
According to the Federal Reserve under 25% of all retired workers have what is needed in their 401 (k) accounts to sustain their standard of living from retirement to death. When those workers retire our current system returns to them $130,000 on average to retire on, according to Fidelity Investments. Do you realize how insignificant $130,000 is? According to Fidelity Investments, a couple 65 years of age or older will need $220,000 for health related costs alone during the remainder of their lives. If you get cancer or any other major health problems, even with insurance, it will wipe out most retirees' savings, which means you may have worked your entire life, and still not be able to provide any real financial security for the next twenty years for yourself or family.
The UN Convention for the Rights of the Child: "States Parties recognize the right of the child to be protected from economic exploitation and from performing any work that is likely to be hazardous or to interfere with the child’s education, or to be harmful to the child’s health or physical, mental, spiritual, moral or social development". | Child Labor, Employment Rights, Equality, Children, Abuse,
As you realize you were merely a slave for a profiteer, you'll have to look at the state for help, and the state will look back at you, slicing the price of the living index in order to minimize your costs; and in the end you'll be poor and vulnerable, perhaps unable to provide for your loved ones or yourself in times of health crisis, and you'll realize just how screwed up our system really was and still is.
We can talk about job bills, raising taxes on everyone, or raising a completely inadequate minimum wage, but those are all the side effects of a labor force not in ownership over their labor. To not address that main problem ' which is private ownership over the means of production, we will always leave our society financially fractured and in debt-servitude, requiring a massive social safety net to catch all the victims of our capitalistic system when they eventually fall.