30 December 2012

Day 163: Equal Money Capitalism - Redefining Profit

Note: The EMC is an entirely new project that was started 2 days ago. We’re at the moment in the phase where we are brainstorming by answering questions. It’s a messy process – but an effective one to get all the relevant points addressed. So – also note that points will evolve and change as we go as we are not setting things in stone, but on a journey towards designing the EMC. The principles upon which EMC is based are laid out in the previous blog-post. From those principles, we work our way towards what life in EMC would practically be like and how the system will function from an economic perspective.


The point will be to optimize FREE TIME

Overtime - working past your regular hours. There will be no need for overtime, it will be unnecessary, because it is not your labour that holds the value - it is your life and all life is valued equally. Overtime would only come into play when for instance a natural disaster occurs and those assisting are required to lend a helping hand for longer than usual because the situation demands so in that case, one doesn't get paid for overtime - because it is a point of compassion and understanding - and to show that one is more than a self-interested human. Overtime now only exists so people can make more money - so they can buy more stuff - in EMC - you will have enough money to buy what you actually need. All economic slavery jobs where people are forced to do it to survive will end if people do not have to do it

Will we have more free time in an EMC - definitely - as we employ all the labour of each person - it will take less time to get the same job done. Every person will still work the same amount of time - this must be agreed on by all. For those whose jobs simply doesn't take up that much time or if a person's job is replaced by that of a machine - the Compassion Department of the Company will take care of you. This Department of the company creates jobs that will benefit society as a whole.


There will be holidays, probably more than now - because with all the unemployed people that currently exist that are integrated into the labour force, each one will require to put in less time in the production process, it would be cool for everyone to have like 2 months off a year so that you can go and travel and stuff.

While you're on holiday, you will still receive your profit share of the products that you helped produce, because your added value helped to create the product.


 For those who have children - holiday time will be when your children are off school, for those who don't have children - it will be during the school time.


Currently profit is the money a company makes after they have covered their costs, including paying out wages. In an EMC - profit comprises of all the added value that is placed on resources - which is your labour. Therefore - within the price, the percentage share must be included of each one that was part of the creation of the product in such a way that each one ends up with an equal share of the company's profits, so - there will be no need for wages - as the profit becomes your wage.


If a company at any time makes more money than they need to provide each one with their equal share of the profit as well as covering their costs - those monies will go into a fund that is responsible for assisting companies that are not making sufficient to cover their costs and provide each one with their fair share. That way a balancing effect takes place so that all companies are not only cooperatives in how they cooperate internally - but all cooperate with each other as well.

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1 comment:

  1. Yes - this is seldom considered: if everyone is put to work, which is one of the ideals of the current capitalistic system - then there will automatically be more free time equally available for everyone, as the system only needs a certain amount of labour to produce the necessary goods and services for the whole !