Thursday, July 12, 2018

socialist economy and a JG

A JG could be a small part of a successful socialist state.

Say a socialist movement was successful 20 years from now and somehow had a program which agreed with what I think would be successful.

Run the economy hot via monetary policy and Kalecki-Lerner-Vickrey fiscal macro. Wages are negotiated by sectors and unions are strong with strong labor protections.

A sovereign wealth fund would be heavily invested in the economy and provide a social dividend/UBI to everyone regardless of income.

Free healthcare, free housing, mass transit and large investment program in infrastructure and green conversion.

There would still be the hard cases who could apply to a JG where they could get trained and work on projects for their community as they wait for employers to hire them.

There would be a demand for workers given that the economy was run hot with the emphasis on full employment.


Bruenig's podcast and social mobility

Listened to the powercouple Elizabeth and Matt Bruenig's podcast on social mobility, and they made a good point about social mobility being alienating as the successful family member becomes alien to the ones she left behind.

I wonder if this is a dynamic with the red/blue divide in America, with upwardly mobile people becoming meritocratic Democrats and alienating themselves from their more red-state lower income families. Obviously many upwardly mobile low-income Republicans stay conservative even as they become successful. Maybe culturally they stay more attuned to lower-class uneducated red-staters.

The more educated upwardly mobile become liberal while the less educated or more mercenary, less empathetic upwardly mobile remain conservative.

Monday, July 09, 2018