This is not meant
to be a comprehensive analysis but an imagining of some of the
features of a post capitalist world.
OK
lets get this over with first. The first thing we will notice is the
numbers we use to measure the success of a capitalist economy, GDP,
GNP and economic growth will look bad. That is because the goals of
the new economy will not be excessive production, consumption, energy
waste and unsustainable growth. The new economy will be based on
people not stuff. While our so-called standard of living will decline
our quality of life will increase.
Because
of higher minimum wages and a Guaranteed Basic Income everyone will
have at least a comfortable modest life with adequate housing and all
their basic needs met because there are enough resources to provide
this when there is not excessive inequality and waste by the
excessively wealthy.
Excessive
inequality will be eliminated because of an aggressive progressive
tax system based on the principle that everyone should contribute to
the society/economy based on their ability.
Everyone,
not just the very wealthy, will finally benefit from the use of
machines to increase productivity and most drudge work will now be
done by machines. The effect will be that everyone will have reduced
working hours for a shorter period of their life. Work will no longer
be a necessity to survive but something people crave for the
fulfillment it brings to their lives.
Because
of a societal decision all work requiring intelligence or decision
making will be reserved for human beings.
Elimination
of the exploitative capitalist practice of producing goods in low
wage countries will see the elimination of excessive wasted energy
transporting goods as most food will be produced within 100
kilometres of where it is consumed and other goods within 500
kilometres.
With
increased time for themselves education will be an important part of
everyone’s life and as with health care, treated as a public good
and paid for collectively. Arts and culture, theatre and music, will
be emphasized with the emphasis on local artists and productions
(rather than overpriced “superstars”) as well as outdoor
recreation.
Small
businesses, where the owner earns his income by working in the
business, will be encouraged and supported. For large enterprises,
ownership and control of the means of production (factories, computer
facilities, etc) will reside with the workers producing the products
or providing the services, most often through co-operatives, except
for public services like education, health care and public utilities
where control and ownership will reside with the people through their
democratically elected governments. All workers will have an
effective, not just theoretical, right to join a union and bargain
collectively.
The
overall philosophy of the society/economy will be "from each
according to his ability, to each according to his needs".