ESOP
An employee stock ownership plan (ESOP) is a defined contribution plan that provides a company's workers with an ownership interest in the company. In an ESOP, companies provide their employees with stock ownership, typically at no cost to the employees. Shares are given to employees and are held in the ESOP trust until the employee retires or leaves the company, or earlier diversification opportunities arise.
There are annual limits on the amount of deductible contributions an employer can make to an ESOP. ESOPs are governed by federal pension laws, called the Employee Retirement Income Security Act, or “ERISA”. ERISA sets forth clear requirements to ensure that there can be no ‘preferred’ classes of participants in an ESOP; all employees must be treated proportionally the same. Internal Revenue Code section 404(a)(3) provides for an annual limit on the amount of deductible contributions an employer can make to a tax-qualified stock bonus or profit-sharing plan of 25 percent of the compensation otherwise paid or accrued during the year to the employees who benefit under the plan.
The National Center for Employee Ownership estimates that there are approximately 11,300 employee stock ownership plans for over 13 million employees in the United States.[SUP][1][/SUP] Notable U.S. employee-owned corporations include the 150,000 employee supermarket chain Publix Supermarkets, McCarthy Building Company and photography studio company Lifetouch. Today, most private U.S. companies that are operating as ESOPs are structured as S corporation ESOPs (S ESOPs).http://en.wikipedia.org/wiki/Employee_stock_ownership_plan
http://www.esopassociation.org/
''The Free State Project (FSP) is a political movement, founded in 2001, to recruit at least 20,000 libertarian-leaning people to move to a single low-population state (New Hampshire, selected in 2003) in order to make the state a stronghold for libertarian ideas.[SUP][1][/SUP] The project seeks to overcome the historical ineffectiveness of limited-government activism by the small, diffuse population of activists across the 50 United States and around the world.
Participants sign a statement of intent declaring that they intend to move to New Hampshire within five years of the drive reaching 20,000 participants, or other self-selected triggers. As of June 2011, more than 1,000 FSP participants have become "early movers" to New Hampshire, in that they have made their move prior to the 20,000-participant trigger.[SUP][2][/SUP] Over 12,000 people have signed this statement of intent.[SUP][3][/SUP] In 2010, at least 12 "Free Staters" (early project movers) were elected to the 400-member New Hampshire House of Representatives.[SUP][4][/SUP]
The Free State Project is a social movement generally based upon decentralized decision making. A control group that performs various activities, but most of FSP's activities depend upon volunteers, and no formal plan dictates to participants or movers what their actions should be in New Hampshire.''http://en.wikipedia.org/wiki/Free_State_Project
http://freestateproject.org/
''Democratic Education is a worldwide movement towards greater decision-making power for students in the running of their own schools. There is no generally agreed definition of the term, but at the IDEC (International Democratic Education Conference) in 2005[SUP][1][/SUP] the participants agreed on the following statement:
“We believe that, in any educational setting, young people have the right:
IDEN, the International Democratic Education Network, is open to any school that upholds such ideals as these:
- to decide individually how, when, what, where and with whom they learn
- to have an equal share in the decision-making as to how their organisations — in particular their schools — are run, and which rules and sanctions, if any, are necessary.”
This list is taken from the IDEN website, where there are other attempts at a definition of the term.
- respect and trust for children
- equality of status of children and adults
- shared responsibility
- freedom of choice of activity
- democratic governance by children and staff together, without reference to any supposedly superior guide or system
The European Democratic Education Community offers a briefer statement:
"There are two pillars of democratic education:
- self-determined learning
- a learning community based on equality and mutual respect." http://en.wikipedia.org/wiki/Democratic_education
A list of democratic schools around the world: http://en.wikipedia.org/wiki/List_of_democratic_schools
The Ripple Project (rival to PayPal)
''Ripple is an open-source software project for developing and implementing a protocol for an open decentralized payment network. In its developed form (it is not substantially implemented), the Ripple network would be a peer-to-peer distributed social network service with a monetary honour system based on trust that already exists between people in real-world social networks; this form is financial capital backed completely by social capital.'' http://en.wikipedia.org/wiki/Ripple_monetary_system
http://ripple-project.org/Main/HomePage
''Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses, which lack access to banking and related services due to the high transaction costs associated with serving these client categories. The two main mechanisms for the delivery of financial services to such clients are (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
In some regions, for example Southern Africa, microfinance is used to describe the supply of financial services to low-income employees, which however is closer to the retail finance model prevalent in mainstream banking.
For some, microfinance is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers."[SUP][1][/SUP] Many of those who promote microfinance generally believe that such access will help poor people out of poverty. For others, microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses.
Microfinance is a broad category of services, which includes microcredit. Microcredit is provision of credit services to poor clients. Although microcredit is one of the aspects of microfinance, conflation of the two terms is endemic in public discourse. Critics often attack microcredit while referring to it indiscriminately as either 'microcredit' or 'microfinance'. Due to the broad range of microfinance services, it is difficult to assess impact, and very few studies have tried to assess its full impact.'' http://en.wikipedia.org/wiki/Microfinance
An example is the Grameen Bank: http://en.wikipedia.org/wiki/Grameen_Bank
Crowd funding or crowdfunding (alternately crowd financing, equity crowdfunding, social funding or hyper funding) describes the collective effort of individuals who network and pool their resources, usually via the Internet, to support efforts initiated by other people or organizations.[SUP][1][/SUP] Crowd funding is used in support of a wide variety of activities, including disaster relief, citizen journalism, support of artists by fans, political campaigns, startup company funding,[SUP][2][/SUP] movie[SUP][3][/SUP] or free software development, and scientific research.http://en.wikipedia.org/wiki/Crowd_funding
Islamic Finance
''Islamic economics refers to the body of Islamic studies literature that "identifies and promotes an economic order that conforms to Islamic scripture and traditions," and in the economic world an interest-free Islamic banking system, grounded in Sharia's condemnation of interest (riba). The literature has been developed "since the late 1940s, and especially since the mid-1960s."[SUP][1][/SUP] The banking system developed during the 1970s.[SUP][2][/SUP] The central features of Islamic economic literature have been summarized as the following: "behavioral norms" derived from the Quran and Sunna, zakat tax as the basis of Islamic fiscal policy, and prohibition of interest.[SUP][1][/SUP]
In Shia Islam, scholars including Mahmoud Taleghani and Mohammad Baqir al-Sadr developed an "Islamic economics" emphasizing the uplifting of the deprived masses, a major role for the state in matters such as circulation and equitable distribution of wealth, and a reward to participants in the marketplace for being exposed to risk and/or liability.
Islamist movements and authors generally describe an Islamic economic system as neither socialist nor capitalist, but as a "third way" with none of the drawbacks of the other two systems.'' http://en.wikipedia.org/wiki/Islamic_finance
Zakāt (Arabic: زكاة [zæˈkæː], "that which purifies"[SUP][1][/SUP] or "alms"), is the giving of a fixed portion of one's wealth to charity, generally to the poor and needy.[SUP][2][/SUP] It is one of the Five Pillars of Islam. http://en.wikipedia.org/wiki/Zakat
LETS
''A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated to LETS or LETSystem) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and record transactions of members exchanging goods and services by using the currency of locally created LETS Credits.
The first LETS required nothing more than a telephone, answering machine and a notebook.[SUP][7][/SUP] Since then there have been several attempts to improve the process with software, printed notes, and other familiar aspects of traditional currencies.
LETS is a fully fledged monetary or exchange system, unlike direct barter. LETS members are able to earn credits from any member and spend them with anyone else on the scheme. Since the details are worked out by the users, there is much variation between schemes.
- Local people set up an organization to trade between themselves, often paying a small membership fee to cover administration costs
- Members maintain a directory of offers and wants to help facilitate trades
- Upon trading, members may 'pay' each other with printed notes, log the transaction in log books or online, or write cheques which are later cleared by the system accountant.
- Members whose balances exceed specified limits (positive or negative) are obliged to move their balance back towards zero by spending or earning.
LETS can help revitalise and build community by allowing a wider cross-section of the community–individuals, small businesses, local services and voluntary groups–to save money and resources in cooperation with others and extend their purchasing power. Other benefits may include social contact, health care, tuition and training, support for local enterprise and new businesses. One goal of this approach is to stimulate the economies of economically depressed towns that have goods and services, but little official currency: the LETS scheme does not require outside sources of income as stimulus.'' http://en.wikipedia.org/wiki/LETS
Localisation as a response to globalisation for example:
''Transition Towns (also known as Transition network or Transition Movement) is a grassroots network of communities that are working to build resilience in response to peak oil, climate destruction, and economic instability.[SUP][citation needed][/SUP]
Transition Towns is a brand for these environmental and social movements “founded (in part) upon the principles of permaculture”, based originally on Bill Mollison’s seminal Permaculture, a Designers Manual published in 1988.[SUP][1][/SUP] The Transition Towns brand of permaculture uses David Holmgren’s 2003 book, Permaculture: Principles and Pathways Beyond Sustainability. [SUP][2][/SUP] These techniques were included in a student project overseen by permaculture teacher Rob Hopkins at the Kinsale Further Education College in Ireland. The term transition town was coined by Louise Rooney[SUP][3][/SUP] and Catherine Dunne. Following its start in Kinsale, Ireland it then spread to Totnes, England where Rob Hopkins and Naresh Giangrande developed the concept during 2005 and 2006.[SUP][4][/SUP] The aim of this community project is to equip communities for the dual challenges of climate change and peak oil. The Transition Towns movement is an example of socioeconomic localisation. In 2007, the UK-based charity Transition Network was founded to disseminate the concept of transition and support communities around the world as they adopted the transition model.'' http://en.wikipedia.org/wiki/Transition_Towns
+100 others
@muir :
You seem to be obsessed with decentralization and anarchy.
I'm assuming then that you must love guns and war.
Maybe one day there will be a nuclear holocaust and cities will fall to ruin and we'll all enter paradise in the form of isolated pockets of primitive civilization in the woods. Maybe we'll even get to the point where we can't make guns and have to use sticks and stones.
But until that day, I'm fine with capitalism-- we've just got to control it better.
Its capitalism that has brought us endless war and its the capitalist system that enables a huge trade in guns and weapons to flourish
War has always been around.
Weapons have always been around.
I thought that we had already had this conversation?
If anything, wars have been getting smaller and less destructive, with fewer deaths in relation to the overall population, which is increasing.
If you decentralize authority, then you are going to destabilize everything, and make everything worse… I'm talking about criminal warlords rising to power and taking over their own 'turf'… how would you prevent conflicts/territorial disputes between independent states?
And yes, it can get much much worse.
That's why i said: 'it is capitalism that has brought us endless war'
War has come as a result of inequalities and inequalities are a fundamental aspect of capitalism so war is built into capitalism
There are already criminal warlords running our countries! Who do you think are behind 'private defence contractors' such as 'blackwater'? Its the same people who are running the fed and the military industrial complex
If we decentralised power we could work towards ending 'states' so that we are not clubbed together in little small minded groups waving our childish flags around and spinning demonising lies about people in other parts of the world
View attachment 15794
http://online.wsj.com/article/SB10001424053111904106704576583203589408180.html
How is getting rid of capitalism or decentralizing government going to get rid of competition and war?
Furthermore, how is getting rid of central authority going to prevent your independent mini-states from developing/acquiring nuclear weapons and using them against each other? How are you going to prevent your decentralized states from turning into new, smaller recentralized states that eventually enter into competition with other smaller re-centralized over resources and start the killing all over until finally one is dominant over all of the states?
Can't go back on what...anarcho-communism? No neither would i want toYou can't go backwards on this!
How are we going to be able to work towards anything if there's no authority?
In Canada we have minority governments and majority governments-- and it's generally accepted that a minority government will always be much weaker and less effective than a majority… and so it tends to be a period where very few bills are passed and very few actions are taken… and it's also common for the government to collapse during this time and for there to be an election. It's possible for opposition parties to form coalitions, but again, this is less about co-operation as it is about power.
My point is that for the most part people can't agree and they can't work together… especially when power is less centralized. If there's no authority, then there is no agreement. Think about all of the arguments you've gotten into with me or with other people, and then imagine that all of a sudden instead of them being just about the ideas, they're suddenly extremely important decisions that are going to affect the lives of thousands of people. If you try to do something that I think is going to hurt me and the ones I care about, then I'm going to do everything I can to try to stop you-- and you're going to do the same. And so we're only going to end up in destructive conflict and nothing is going to get done. This is exactly the kind of world that you think is preferable to the one that we have now. People are not just suddenly going to agree on absolutely everything… it's not just a matter of not being informed/being brainwashed by the elites-- there are valid reasons supporting each and every possible course of action, which is why things like 'true' and 'right' courses of action will always be choices enacted due to subjective opinions… and which may or may not produce favorable outcomes which may or may not have occurred despite the actions.
Your graph shows a tiny slice of history but it does show how utterly destructive the recent wars of the industrial age have been
Here's a link to a wikipedia page showing wars by death toll: http://en.wikipedia.org/wiki/List_of_wars_by_death_toll
It shows that like i've said wars have been pretty consistently bad for the last millenia. The worst of the large scale ones have been the most recent ones (WW1 & WWII)
Getting rid of capitalism will lesson the likelyhood of violence because capitalism is the primary driver of violence. The capitalist class profit from war. They have been bankrolling both sides in wars for hundreds of years. It is also in their interests to compete with other elites
Decentralising government helps because it gets rid of the capitalist class and lessens inequality which is what causes tensions.
The average person on the street doesn't want to go to war, they are sent to war by the capitalist class. if the average person on the street had some say over the running of their communities then they are not going to vote for war
I haven't said anything about 'ancient' greek style 'mini-states'.
There will however have to be a change in how communities of different sizes manage their affairs. The Paris Commune shows how an entire city can be managed by the workers. I myself work in a small scale voluntary association of workers but the principles we apply to our small scale operation could easily be used by larger operations and already are to different degrees in certain places
Concerning how you would stop new tyrannies from emerging (which i definately see as a danger with anarcho-capitalism), the nature of consensus democracy is such that any attempt by a person or cabal to usurp power is going to be prevented by the community. Due to the internet the 'community' needn't end at the outskirts of your settlement....it could be part of a regional and eventually a global community
Yes the capitalist parliamentary system you inherited from the british who were (and still are) run by central bankers is shit and only represents the interests of the rich, which is why they are the only people getting wealthier at the moment while everyone else is getting poorer
Here's an objective reality for you
Your current economic system is about to collapse. The top 1% of the top 1% have taken all the wealth and are hoping to create a centralised state run economy that they will control. No one except the top 1% of the top 1% is going to agree with that
If people are able to thrash out ideas in a public forum and then make a decision as a community, the needs of that community will be far better met than if you leave all the decisions to an elite from a propertied class, because what will happen if you leave all the decisions upto an elite from a propertied class is that THEY WILL LEGISLATE IN THEIR FAVOUR TO ENRICH THEMSELVES AND TO ENSLAVE THE WORKERS
The idea behind anarcho-communism is to end coercion so that we are not made to do things we don't want to do. Under capitalism we all have to do things we don't want to do all the time
Anarchy =/= chaos, and most people educated on political systems know this. Jus' sayin'. Not gonna tackle a bunch of graphs and statistics that don't actually back up capitalism's legitimacy in any way.
They're not supposed to back up capitalism's 'legitimacy', they're supposed to show muir that capitalism is not making us more violent, which is the point we're currently arguing.
And you should really leave 'educated' out of this-- it's insulting and furthermore it doesn't suggest ignorance to say that I personally feel that anarchy couldn't produce a stable form of government in the long term.
"You have, I want..." that always equals violence. Capitalism not only acknowledges this, but embraces it. There would be violence without capitalism, but it wouldn't be rewarded and supported by "the system" like it is with capitalism.
"You have, I want..." that always equals violence. Capitalism not only acknowledges this, but embraces it. There would be violence without capitalism, but it wouldn't be rewarded and supported by "the system" like it is with capitalism.
Haha, so does sex. yet that works out for a lot of people too! Seriously.
One of the best things about capitalism (not that it is always good by any means) is that people are less likely to enter into wars with their trading partners.