Revolutionary Capitalism is the ideology of Jshi0417. It is a left-center ideology that recognizes the stifling of productive, progressive market forces under the logic of bourgeois democracy, and emphasizes heavily on social, technological, and cultural progress.
The ideology believes in the need for revolution in bourgeois democracies in order to achieve a better form of capitalism. The goals of the revolution is to reestablish the principles of democracy for the many, not the few. A country when all can partake liberation through consumerism and innovation. It is the understanding that the ravages of the current form of capitalism is not a call for reform, but of revolution.
It understands that the key to a productive citizenry is extensive education, health, and welfare support, and the foundation of innovation arises from personal security guaranteed by the state. Therefore, to maximize the efficiency of the citizenry, the state needs to secure ALL the basic needs of the citizenry.
The ideology understands the importance of corporations as an engine for productivity and growth, however, it is also keenly aware of the distortions in the market caused by externalities, short-sightedness, and greed. Therefore, the corporations are strictly regulated by the state, in the form of industry specific taxes, laws, and workers protections. In its ideal form, no company generates profit without generating positive value the worker, consumer, and society at large.
To ensure participation of all citizens in consumerism, the state provides Universal Basic Income. In the ideology, Universal Basic Income is the main facilitator of free market outcomes by providing ALL people with the ability to engage in economic participation to help the market determine product priorities.
The state contains a level of centralization for taxation and social policies, with federal states given some discretionary rights to implement local culture, traditions, and policies.
The logic of the market has exceptions for certain sectors, and the role of the state is to provide special exceptions for certain industries:
The role of education is highly emphasized in such a society. People generally receive free education, with some strands of the ideology emphasizing education stipends as well. The ideology presumes the near inexhaustible value generated by human capital, and it is set on increasing human capital as much as possible to derive the greatest future returns. The state also recognizes the importance of research and development and generously funds public research for the benefit of the society.
The importance of human health as a prerequisite for contribution in the market economy is understood, and all healthcare is funded through taxes. The market maintains competitiveness through a system of different insurance companies creating plans on behalf of the government, as well as transparency and standardization of prices.
Housing is also understood as a requirement for stability and productivity, so all citizens are afforded free housing by the state. Utilities are also nationally controlled.
Public transportation is understood as a way to minimize emissions and maximize societal benefit. Extensive public transportation systems connect the whole country and everyone is afforded free access to the systems.
The state understands the need for democratization of capital. Access to credit is needed for innovation, investment, and consumption smoothing. Therefore, all financial institutions are owned by the state.
The state understand the need for high-quality, public prisons. The criminal system is based upon the ideology of rehabilitation. The incarceration rate is dramatically reduced due to the transformation of legal system to remove classist, racist, sexist, and other inegalitarian forms of criminal punishment. The prison system itself rehabilitates the behaviors of the criminal and provides job training in order to generate long-term value for the society.
The ideology recognizes the prevalence of externalities in careers, industries, and products, and high levels of subsidies and additional taxes are applied to industries. Common examples include additional subsidies for social workers and higher taxes for investment bankers. It also understands the environmental effects of externalities, and a punitive carbon tax is enacted to reverse the decades of greenhouse gas emissions.
With the high level of state owned industries and cash transfers, the state relies heavily on a strongly progressive income tax, inheritance tax, wealth tax, corporate tax, carbon tax, and externality taxes. Recognizing the vital role of the state in ensuring long-term prosperity and promoting Keynesian consumption smoothing, a large portion of the tax base is devoted to sovereign wealth funds to provide assistance for countercyclical fiscal policy and long-term financial account deficits. The taxes are broken down below:
Income taxes are the cornerstone of equitable access to the market. No longer will supply and demand be heavily skewed by ability to pay. The state understands the strongly diminishing returns of additional income, and progressive income taxes remedy the market failure.
The provision of inheritance taxes equalizes the opportunities of people of different backgrounds to achieve successful outcomes. Inheritance is understood as a detriment to promoting work-ethic, and progressively higher inheritance tax rates take place, capping out at 100%.
Wealth producing more wealth represents income not earned through productive contributions to the labor economy. The state reserves the right to set a wealth tax to ensure investments do not produce capital returns for their owners.
Corporations receive strong support from the state in the form of financial flows, entrepreneurial seed money, and enforcement of the rule of law. They need to pay back into the system, and a high corporate tax rate ensures the corporations benefit the society, not the other way around.
Carbon and greenhouse gases are among the largest externalities in the capitalist system. It is regulated by the state charging the cost of all externalities for the emission of greenhouse gases.
Externalities violated the sacred principles of market forces. Externality taxes/subsidies ensure the market reaches the socially optimal price and quantity.
The infallible logic of supply and demand is promoted through the actions of the state. No longer will the workers be denied the value of production from labor. The structure of corporations guarantees a worker voting majority in companies and unions across every industry. The laws of the state act as protections for the rights of the workers.
The state understands the needs for competition in ALL industries to create a truly free market, and any companies that obtain too much market share are unceremoniously broken up. The state also provides seed money for small entrepreneurs to provide more competition.
The state understands the value that diversity contributes to the productivity of the society. Therefore, it is the role of the state to ensure equality of status of all people. Racism, sexism, queerphobia, and other forms of discrimination are strictly outlawed. The state rehabilitates those found to possess such values to the detriment of the productivity of society.
- Social Democracy - Don't you know that the SPD is the savior to all our problems?
Stereotypical business major, but leftist.