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Taxing the rich is but one tool for economic transformation
Friday, January 24th, 2020
Stakeholder capitalism and slight tax increases on the wealthy are, in effect, a glossy sales pitch to maintain the status quo, with slight concessions made to avoid bigger, more fundamental changes… Changes beyond tinkering will require more democratic control of the economy. For one, that means reversing the trend of privatizing of public services… New and bigger workers’ co-operatives and credit unions can also contribute to democratizing our economy.
Tags: economy, ideology, participation, privatization, standard of living
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