TWEETSTORM is an occasional feature on decentralize.today where we share threads , mostly from Twitter, that we think deserve a wider audience, some are informative, some educational, some amusing and others yet are controversial...we dig these out for you so you don't have to!
Today, we welcome Dr Kap, of Super Dangerous Club podcast fame, to expound on the state of UK politics...
Probability of civil unrest nationally rising.
(Not an endorsement)
Funny how uncapped wealth inequality and concentration taken too far is often ultimately self defeating to it's benefactors.
People don't learn from history because they don't study it and/or acknowledge the psychology involved.
We could probably learn a few principles from #Bitcoin which is triggered to become valueless (by being able to make up transactions i.e. falsify and control the economy fraudulently) should a collaborative minority ever seize over 50% of it's mining hash rate.
Indeed we need an economy where constitutionally 50% of all company controlling/voting shares must always be distributed among it's employees.
This acts against the impulses that drive companies to act in favour of wealth creation for private shareholders but simultaneously...
...reduce the productivity, efficiency, production standards and wages/wellbeing of it's employees whilst enriching a minority private interests whose primary concern is not how well the company functions but how much they can profit off it.
This problem has become endemic to Britain through public/private partnerships whereby private corporations take over public services either outright (electric, water, trains) or by stealth (NHS). The end result is not increased efficiency as @Conservatives idealise but...
...increased cost for service delivery, increased cost to end consumers, reduced service quality and poorer living standards and liquidity not just for employees of these sectors but the nation as a whole.
In a scenario where the employees of corporations always held a distributed 50% of the shares then I believe they are incentivised towards better balancing company productivity, efficiency and working conditions.
They can also prevent execs taking bonuses for poor performance.
Which is currently not the case for most public utilities run by private corporations.
Employees can't vote to sack their CEO for poor performance (which is absurd if you think about it); only the board and shareholders can.
We should change this; the corporation is not the CEO
The corporation is the body and the body is all parts of the organisation, not just some.