this post was submitted on 31 Jul 2024
-1 points (40.0% liked)

Neoliberal

271 readers
1 users here now

Woke Rainbow Capitalism (nerds)

Trains, free trade, and open borders; trans rights and taco trucks on every corner. Please read the sidebar for more information.


Community Bookmarks


Rules:

1. Instance Terms of ServiceComply with the Lemmy.world terms of service.
 
2. CivilityRefrain from name-calling, slapfights, hostility, doxxing, or any uncivil behavior that derails the quality of the conversation.   A specific one of importance you might not generally expect on Lemmy or the wider fediverse, and enforced to further community health, is Do not engage in excessive partisanship.
 
3. BigotryBigotry of any kind will be sanctioned harshly.
 
4. Unconstructive EngagementDo not post with the intent to provoke, mischaracterize, or troll other users rather than meaningfully contributing to the conversation. Don't disrupt serious discussions. Bad opinions are not automatically unconstructive.

Do not reflexively downvote just because someone has a different opinion.

Also, as a general disclaimer, keep in mind that votes on posts and comments are discoverable as they federate with other instances and that is outside the control of this community.

 
5. Off-topic CommentsComments on submissions should substantively address the topic of submission.
 
6. Glorifying ViolenceDo not advocate or encourage violence either seriously or jokingly. Do not glorify oppressive/autocratic regimes.
 
7. BrigadingRefrain from brigading other communities or fediverse instances, or coming from another community or fediverse instance and brigading this community. Links within the community are encouraged provided no other rules are broken.
 
8. Off-topic, Meta, or Duplicate PostSubmissions should be relevant to public policy or political theory. Meta posts should be posted to the discussion thread. Generally avoid editorializing submission titles.
 
9. Submission QualityLow-quality or irrelevant submissions will be removed at mod discretion. This applies in particular to low-quality or repetitive memes.
 
10. Tag Communities and/or Users WiselyDo not tag communities and/or users to troll, spam, or brigade.
 
11. Bonk-Posting/Sexual ContentGo be horny somewhere else. Do not post inappropriate content of a sexual nature. Both SFW and NSFW content can qualify. Repeat infringements can lead to bans.
 
12. Toxic Nationalism/RegionalismRefrain from condemning countries and regions or their inhabitants at-large in response to political developments, mocking people for their nationality or region, or advocating for colonialism or imperialism.


Other Fediverse Communities:


We in c/Neoliberal support:

Neoliberals can be found in many political parties and we are not dogmatic supporters of specific parties. But we tend to find ourselves agreeing more often with parties that espouse liberal values, internationalism and centrist economics, such as the Democrats in the US, Liberal Democrats in the UK, FDP in Germany, Renaissance/MoDem in France, the Liberal Party in Canada, and so on.


Further Reading:


News sources:

Here are some suggested news sources that we like and tend to find reliable. Please note that posts and threads are not at all limited to these sources!--

founded 1 year ago
MODERATORS
 

What is your view on liberal anti-capitalism?

This perspective's representatives are David Ellerman, and E. Glen Weyl. They that capitalism is incompatible with liberalism for various reasons such as violating liberal principles of justice, being inefficient or over-emphasizing diversification/exit-oriented risk reduction strategies to the detriment of commitment-based ones.

David Ellerman's case for capitalism being illiberal is discussed in:

https://www.ellerman.org/wp-content/uploads/2020/03/Article-from-ReclaimingLiberalismEbook.pdf

@neoliberal

you are viewing a single comment's thread
view the rest of the comments
[–] jlou@mastodon.social 1 points 3 months ago (1 children)

Capitalism includes the employment contract where the employer gets 100% of the property rights to produced outputs and liabilities for used-up inputs while workers as employees get 0% of that. That's a descriptive point. Morally, this assignment violates the liberal principle of justice that legal responsibility should be assigned the de facto responsible party since workers are jointly de facto responsible for using up inputs to produce outputs but aren't legally responsible

@neoliberal

[–] Coffee_Addict@lemmy.world 1 points 3 months ago (1 children)

I just think this is leaning too much into how things should work in theory and not why things are the way they are in practice. There are many situations where we need people to be willing to take risks, and one of the ways we can encourage that is to provide protection from liability. I worry this would only disincentivize people from taking necessary risks.

Just using the architecture/engineering/construction (AEC) industry as an example, increasing the personal liability of the employee could lead to a drop in productivity because of what is at stake if there is a mistake, and mistakes are unavoidable in the AEC industry. 

Limited Liability Companies (LLCs) are very popular and were explicitly set up to limit the personal liability and provide personal asset protection for all members against debts (business or personal), legal claims, etc. so that if something happened - or a major mistake were made - the owner and employees would only risk their company assets (should they have them) and have their personal assets legally protected; they wouldn’t lose everything they own. If the mistake is large enough, they can still lose their right to practice their chosen trade, but that wouldn’t come from a government authority (in the case of architects and engineers, whoever signed and sealed the drawing set could lose their license).

Corporations are similar in this regard, only the company is owned by shareholders which also makes it easier to transfer ownership. In the case of publicly traded corporations, we would also have stockholders and who are not necessarily even employees. In principle, corporations take advantage of this to raise fund when they are undergoing risky ventures.

This is in contrast to a sole proprietorship where the owner has much more individual control but risks losing their business and personal assets if there is a large enough mistake.

Basically, what I’m getting at is many of the systems we have put in place already exist to limit the personal risk to ones livelihood, and spreading around the liability for decision making may not be a good thing or something people necessarily want. Increasing personal risk could actually be a disincentive for people to be willing to work in certain industries. (And given the housing shortage in the US, the AEC industry is not one we want to slow down).

If certain companies want to run their business in a more democratic fashion, then all the power to them. I would be curious to see how they would contractually spread around the liability for decision making or how they might defend themselves in a legal setting; both would be necessary before it becomes a standard for any industry.

[–] jlou@mastodon.social 1 points 3 months ago

The liberal norm of legal and de facto responsibility matching determines which party should be held responsible. It doesn't determine the degree of personal liability or risk to personal assets. There is no conflict between limited liability and democratic firms.

The pure application of the liberal principle of justice is to deliberate actions.

A group of people is de facto responsible for a result if it is a purposeful result of their deliberate and intentional joint actions

@neoliberal